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Answer all of these, please
Attempts: Keep the Highest: rationing devices marginal costs 2. Scarcity and opportunity cost scarcity Complete the following logical statement: Because ofI consider the opportunity cost of every action. Individuals and socleties must make choices, and they must therefore
6. All other things constant or nothing else changes Hillary is a research assistant for her favorite biology professor, Dr. Diaz. Dr. Diaz is interested in studying the effects of feeding a certain chemical to rats to see how it affects their appetites. Hilary knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as In order to keep all other things the same and isolate the effects of one particular variable in the biology experiment, Hilary will want to do which of the following? Check all that apply Offer the same type of food to the rats in each trial. Avoid drawing conclusions after one trial. ■ Make sure all tested rats are the same age.
6. All other things constant or nothing else changes Hilary is a research assistant for her favorite biology professor, Dr. Diaz. Dr. Diaz is interested in studying the effects of feeding a certain chemical to rats to see how it affects their appetites. Hilary knows from her economics class that to isolate the effects of a particular phenomenon, all other things must remain the same. In Latin, this is referred to as In order to kee eplurbus unum he and slae the effects of one particular variable in the biology experiment, Hillary will want to do which of the following? dum versas te, nox fit ffel ceteris paribus o the rats in each trial. onay oremay atinlay er one trial. ■ Make sure all tested rats are the same age.
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Answer #1

a) Because of "scarcity" in the market people should make choices keeping the opportunity cost of the good in the mind.

b) In latin we term it as "Ceteris Paribus" .

c) She will offer the same type of food to the rat and avoid drawing any conclusion in the first trial itself. (she will have rats of different age group though.)

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