1. LeBron James is a giant 260 lbs and 68. Given his size and strength, he is quite capable of moving his household himself. But despite the fact that he could likely do the work of two or three ordinary movers, he hired movers and kept playing basketball. Was this a wise decision? Explain using economics concepts. Underline any of the 10 Principles of Economics or Key Terms that you use in your explanation.

2. Its almost Spring Break. You are planning to visit your family in New York. You can take the Amtrak train or fly with Delta Airlines. A plane ticket costs $300, and traveling by air takes 2 hours each way. The train ticket costs $200, and traveling by rail takes 12 hours each way. Which form of transportation should you choose? Explain using economics concepts. Underline any of the 10 Principles of Economics that you use.