What do you think you prioritize most in making tradeoff decisions? Do you think about getting the best deal possible, or do you think about getting the item you want the most?Explain
Scarcity and Opportunity Cost Part 1 Directions: In the first assignment of the course, you considered how much money you would make in your dream job as well as how much it would cost to live. You then thought about the tradeoffs that were involved. Economists like to quantify tradeoffs using opportunity costs, which you […]