Recording-2024-10-23T00:47:35.724Z

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5 Terms

1
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What is the trade-off of catching one more rabbit from scenario E to scenario D?

You have to give up 40 berries.

2
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In scenario E, on average how many berries are gathered?

280 berries.

3
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What concept explains the need to give up something in order to gain something else in the context of resource allocation?

Trade-offs.

4
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OC

Opportunity Cost

5
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