Principles of Economics (10 marks)

1. You were planning to spend Saturday working at your part-time job, but a friend asks

you to go watching movie.

a. What is the true cost of going for watching movie?

b. Now suppose you had been planning to spend the day studying at the library.

What is the cost of going watching movie in this case? Explain.

2. Suppose you are a first year university student.

a. In what ways is your standard of living different from that of your (i) parents

and (ii) grandparents when they were your age?

b. Why have these changes occurred?

PLease Describe all the question widely