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Please help me to complete this assignments Title is Economic Decision Making, Economic chapter 2 Chapter 2, Section 3 1. Gary Becker, winner of the

Please help me to complete this assignments Title is Economic Decision Making, Economic chapter 2

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Chapter 2, Section 3 1. Gary Becker, winner of the Nobel Prize, says that "human capital is by far the most important form of capital in creating wealth and growth." Why does he say this? 2. What are three roles that entrepreneurs perform in the production process? A. Chapter 2, Section 4 Word Definition Original Sentence Image Reflecting Word Utility Opportunity Costs Diminishing Marginal Utility 1. Using the decision matrix in Section 4, make a decision about where you would buy the video game. List the tradeoffs of that decision, as well as the opportunity cost. (page 25, Figure 2.4) 2. Describe or draw an example of a time in your life when you encountered diminishing marginal utility. Chapter 2, Section 5, How Can We Measure What We Gain and Lose When Making Choices? Wheat and Computer Chips PPF 900 B C 700 600 D 500 Computer Chips 400 300 200 100 0 100 200 300 400 500 600 700 800 900 Wheat (in pounds) 1. What is the opportunity cost of increasing wheat production by 200 pounds by moving production from Point B to Point C? 2. What is the opportunity cost of increasing wheat production by 200 pounds by moving production from Point C to Point D? 3. Why might the opportunity cost vary so greatly? 4. How is point F described on the PPF

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