Focus on what you do good and stick to that one thing. Markets coordinate trade Markets move along the trade between buyers and sellers Future consequences count Decisions made today affect the future Section 4:
3. Economists use graphs to analyze data and see visually the trends and changes. The graphs can be used to see what people bought more of and then sellers can adjust how much they make. 4. A rational behavior decision-making process is based on making choices that result in the most optimal level of benefit or for the individual. I have used this in my life, mostly in science class during an experiment and such. Processing: Why does a five day disneyland pass cost only 2.5 times what a one day pass costs? 1.Thinking at the margin. Cost vs. benefits 2.Thinking at the margin best explains my enigma because the idea that if you spend just 2.5 times more money than a one day pass you get 5 more days at disney. This makes more sense that you would do the 5 day pass because it is not much more money and it seems reasonable, kinda like a deal. In this case we would be thinking a little more over the margin.
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- Fall '16
- Craig Zupi
- Economics, one day, 5 day, five day, Disney.