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(a) Provide some examples of everyday practical application of a key microeconomics principle from Econ1001 that you've learned about in class (Concepts include opportunity cost

(a) Provide some examples of everyday practical application of a key microeconomics principle from Econ1001 that you've learned about in class (Concepts include opportunity cost, elasticity, marginal costs / benefits)

(b) A person is more likely to lose his temper with a friend than his boss. Do you agree or disagree? Explain your answer.

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