Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crystal is training for a triathlon, a timed race that combines swimming, biking, and running. Because her pool sessions are helping her swim more quickly,

Crystal is training for a triathlon, a timed race that combines swimming, biking, and running. Because her pool sessions are helping her swim more quickly, Crystal plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool.

Which basic principle of individual choice does this scenario illustrate?

A. Many decisions are made on the margin.

B. People usually exploit opportunities to make themselves better off.

C. All costs are opportunity costs.

D. Resources are scarce.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Of The Environment An Economic Approach To Some Problems In Using Land, Water, And Air

Authors: Orris C Herfindahl, Allen V Kneese

1st Edition

1317386663, 9781317386667

More Books

Students also viewed these Economics questions

Question

1. Background knowledge of the subject and

Answered: 1 week ago