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Ramel v CENGAGE | MINDTAP Q Search this course ? My Home Module One Quiz X Courses Back to Assignment Catalog and Study Tools Attempts Keep the Highest / 1 A-Z Rental Options 6. Scarcity, opportunity cost, and marginal analysis College Success Tips Rajiv is training for a triathlon, a timed race that combines swimming, biking, and running. Career Success Tips Consider the following sentence: Rajiv has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. ? Help Which basic principle of individual choice do these statements best illustrate? Give Feedback O People face trade-offs. O Rajiv can use time most efficiently by spending the same amounts of time on swimming, biking, and running. O Rajiv has an incentive to spend more time on swimming than on biking or running. People usually exploit opportunities to make themselves better off. Grade It Now Save & Continue At Continue without saving O