What basic principle of individual cost does Larry's plan illustrate that his wife's advise does not?

iples of Econon X MindTap - Cengage Learning X Bb Debate Worksheet - Craig vs Kag x E Courtney transfer class - Google X ng.cengage.com/staticb/ui/evo/index.html?deploymentld=59814113338570999948661155&elSBN=9780357133576&id=8897705 eat. PS LA Hearts Stripe Ch.. PS Lottie Moss Mock. A Cable Chenille Swe... V Vans Check Sleeve. V Circled Vans Crew. V Ka NGAGE | MINDTAP work (Ch 01) k to Assignment tempts: Do No Harm: / 1 6. Scarcity, opportunity cost, and marginal analysis Larry is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because his pool sessions are helping him swim more quickly, Larry plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Larry's plan illustrate that his wife's advice does not? People usually exploit opportunities to make themselves better off. Resources are scarce. All costs are opportunity costs. Many decisions are made on the margin. Grade It Now Save & Continue Continue without saving