Scarcity, opportunity cost, and marginal analysis
Crystal is training for a triathlon, a timed race that combines swimming, biking, and running.
Consider the following sentence: Crystal has only 20 hours this week that she can devote to training. Each hour she spends swimming is an hour that she can't spend biking or running.
Which basic principle of individual choice do these statements best illustrate?
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Why did the Energy Telematics project fail and why was Joel's
tram vaught off guard by the hostile reaction of the truck drivers
at the Omaha depot?
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