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Unformatted text preview: case capital and labor)? How does the mowing example illustrate that problems of choice arise when there are alternative ways of achieving a given objective? How does the mowing example illustrate that economics develops specific criteria which define the conditions for making the best us of an individuals or societys resources? How does the mowing example illustrate that we employ the economic criteria as guide lines for formulating and evaluating decisions?...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.
- Fall '10