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An "Either-Or" Decision Involves

question 2

Essay

An "either-or" decision involves
A.deciding how much of an activity to do.
B.a choice between two activities.
C.calculating marginal costs for each activity.
D.calculating the marginal benefits for each activity.


Definitions:

Wages

Payments made to employees for their labor, typically calculated by hour, day, or piece.

Foregone Opportunities

The benefits or income missed out on when choosing one alternative over another.

Tuition

The fee charged for instruction or education provided by schools, colleges, and universities.

Equality

The condition of having equal status, rights, and chances.

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