Question: Attempts Keep the Highest / 1 6. Scarcity, opportunity cost, and marginal analysis Eileen is training for a triathlon, a timed race that combines swimming,

 Attempts Keep the Highest / 1 6. Scarcity, opportunity cost, and

Attempts Keep the Highest / 1 6. Scarcity, opportunity cost, and marginal analysis Eileen is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because her pool sessions are helping her swim more quickly, Eileen plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Eileen's plan illustrate that her husband's advice does not? O All costs are opportunity costs. Many decisions are made on the margin. O Resources are scarce. People usually exploit opportunities to make themselves better off. Grade It Now Save & Continue

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