Question: True or False Thinking at the margin is defined as maximizing a firm's or individual's well-being. Individuals do not experience opportunity costs unless external costs

True or False

Thinking at the margin is defined as maximizing a firm's or individual's well-being.

Individuals do not experience opportunity costs unless external costs occur.

The assumption that people will act in such a way as to maximize their self-interest is a reasonable one for most cases that economists analyze.

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