Question

1) You only have $10 to spend for the week. You decide to spend $8 on a movie instead of buying an $8 pizza. a. What is the scarce resource? Why is this the scarce resource? b. What are the two potential choices you had? c. What is the opportunity cost of the choice you made?

Answer 1

A)Money is the scarce resource because you only have enough for buying one thing.
B) movie or pizza
C)?