This assignment aims to develop your critical thinking skills and decision-making abilities within a corporate setting. Through the application of the cost-benefit decision model, you will address economic problems and gain insights into making informed decisions. By exploring the concepts of scarcity and opportunity cost, you will develop a foundational understanding of how these impact production choices and consumer decision-making. This knowledge will serve as a basis for your understanding of the Production Possibility Frontier (PPF) in the upcoming weeks, further enhancing your comprehension of economic principles