Describe some of the trade-offs faced by each of the following: a. a family deciding whether to

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Describe some of the trade-offs faced by each of the following:

a. a family deciding whether to buy a new car

b. a member of Congress deciding how much to spend on national parks

c. a company president deciding whether to open a new factory

d. a professor deciding how much to prepare for class

e. a recent college graduate deciding whether to go to graduate school

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