You have an 830 class this morning but you are feeling, Microeconomics

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You have an 830 class this morning but you are feeling

Problem

1. Think about the definition of scarcity that you learned in this chapter. Name three ways that you confront scarcity in your own life.

2. When shopping for your interview clothes, what are some trade-offs you face? What is the opportunity cost of buying new clothes? What are the benefits? How do you balance the two?

3. You have an 8:30 class this morning but you are feeling extremely tired. How do you decide whether to get some extra sleep or go to class?

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Microeconomics: You have an 830 class this morning but you are feeling

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