1. Assume Jenny is trying to decide whether or not to see a movie. Why would she be morelikely to focus on the $10 ticket price rather than the $20 she would fail to earn by notworking during that time.2. What is your opportunity cost of attending a 3pm class? Is it different than youropportunity cost of taking the same class at 8am?3. Explain why there is always scarcity, even if there is a surplus in a particular market.4. Match each of the following to one (or more) graphs below:a. Inefficient production of meat and fishb. Productive efficiencyc. Technological advances in the production of meat and fishd. The law of increasing opportunity coste. An unattainable combination of meat and fish

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1. Assume Jenny is trying to decide whether or not to see a movie. Why would she be more likely to focus on the $10 ticket price rather than the $20 she would fail to earn by not working during that time.

1. Assume Jenny is trying to decide whether or not to see a movie. Why would she be more likely to focus on the $10 ticket price rather than the $20 she would fail to earn by not working during that time.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 2SQ

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