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Unformatted text preview: Since all economic resources are scarce, we have to make choices. Economics and the concept of opportunity cost are tools that have been developed to help us analyze the choices that we confront, and help us make the choices that are in our best interest over time. Tools to help us wisely use the scarce resources we control....
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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
- Opportunity Cost