Maisa decided to spend money on a book instead of going for a movie. She understood that if she purchases the book, she does not have the money to watch the movie . Here the cost of sacrifice is related to ______. a. opportunity cost b. profit maximization c. scarcity d. All of these
Maisa decided to spend money on a book instead of going for a movie. She understood that if she purchases the book, she does not have the money to watch the movie . Here the cost of sacrifice is related to ______. a. opportunity cost b. profit maximization c. scarcity d. All of these
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
Problem 1QR
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Maisa decided to spend money on a book instead of going for a movie. She understood that if she purchases the book, she does not have the money to watch the movie . Here the cost of sacrifice is related to ______.
a.
opportunity cost
b.
profit maximization
c.
scarcity
d.
All of these
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