Most real-world choices aren’t about getting all of one thin…

Most real-world choices aren’t about getting all of one thing or another, instead, most choices involve _________________, which involves comparing the benefits and costs of choosing a little more or a little less of a good. utility opportunity cost benefit analysis marginal analysis

Possibility A Economics History I 94 76 II…

Possibility A Economics History I 94 76 II 87 84 III 77 91   A student has only a few hours to prepare for two different exams tomorrow morning. The above table shows alternative possible exam outcomes with three alternative uses of the student’s time. The opportunity cost of scoring an 84 on the history exam rather than 76 is: 10 points on the economics exam 8 points on the history exam 7 points on the economics exam 12 points on the economics exam  

Which of the following lies primarily within the realm of ma…

Which of the following lies primarily within the realm of macroeconomics?   a study of the demand for gasoline a study of how tax cuts stimulate aggregate production an analysis of supply and demand conditions in the electricity market a study of the impact of “mad cow” disease on the price of beef worldwide