Question
2- two brothers must complet two different tasks before going to a concert. One brother completes one of the tasks and the other brother completes
2- two brothers must complet two different tasks before going to a concert. One brother completes one of the tasks and the other brother completes the other task. What economic concept does this statement BEST represent?
3- individual has one hour to spend on completing an assignment. The consumer could choose a second activity at a wage of $9 or the consumer could choose a third activity at $14 per hour. If the individual chooses to complete assignment, what is the opportunity cost?
4- two individuals are roommates at college and are faced with choice of cooking or cleaning. Individual 1 hates cooking. Individual 2 will do the cooking if Individual 1 does the cleaning. What economic concept does this statement BEST represent.
Please give me the correct answer.
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