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Bonnie is debating whether to take a job as a professional therapist or a florist. She will earn $40,000 a year as a therapist or $22,000 a year as a florist. If she chooses to be a therapist, the economic rent is
Computer Simulation
The use of computer models to replicate complex systems or processes for the purpose of experimenting or predicting outcomes in various scenarios.
Systematic Research
A methodical approach to inquiry, emphasizing careful planning, gathering, and analysis of data to answer questions or solve problems.
Hypotheses
Proposed explanations or predictions for phenomena, which can be tested through research and experimentation.
Systems Theory
An interdisciplinary theory that analyzes complex systems in nature, society, and science, emphasizing their interconnectedness and the interdependence of their components.
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