Chapter 2, Problem 12PAE

Please explain why other options are incorrect

option choices positive inferior good positive normal good negative inferior good negative normal good

Solve all questions .....you will not solve all questions then I will give you down ? upvote ....

give three examples of important tradeoffs that you face in your life

At a tailgate there are unlimited wings. What economic concept determines when you should stop eating wings? the explicit cost total utility I choose to use one of my three skips on this question. subjective value diminishing marginal utility

Buying and selling textbooks are two separate decisions made at the margin. Textbooks create value both when they are bought and when they are sold. Think about your decision to buy the textbook for this course. You paid $225 for the book, but you would have been willing to pay $400 to use the book for the semester. Suppose that at the end of the semester you could keep your textbook or sell it back to the bookstore. Once you have completed the course, the book is worth only $90 to you. The bookstore will pay you 50% of the original $225. How much total value have you gained? $

Explain your reasoning

Confused and not sure what the correct answers are