Question: What part does an individual's world view play on the calculation of opportunity costs associated with certain decisions; and (2) how does Scripture relate to

What part does an individual's world view play on the calculation of opportunity costs associated with certain decisions; and (2) how does Scripture relate to the functioning of markets and to basic supply and demand?

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1 The Opportunity cost is the value of the best possible alternative that is waived to carry out an economic action or decision When individuals are rational they make a multitude of decisions in whic... View full answer

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