Examlex
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.
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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