Fill in the blanks with the mumber that correspoods to the correct word or phrase from the word bank below L. Opportunity oost aprdase z 3. margin 4. satisfaction 5. individual 6. Self interest 7. choices 8. small 9. Maximize profits When making a distinction between economists and other social scientists it is noted that economists give special emphasis to the role of in their analysis of choices. Ecooomists assume that individuals make that seek to maximize the Economists argue that individuals pay attention value of some objective, and that they define their objectives in terms of their own changes in the levels of the activities they pursue. Economists asume that people are motivated by their In studying consumers, to the consequences of when making choices, for example owaen of business firms seek to economists ame that individual coasumers make choices aimed at maximizing their level of Economists argue that most choices are made "at the "Microeconomies is the branch of economies that focuses on the choices made by markets decision-making uits in the economy-typically consumers and fimsand the impacts those choices have on Macroeconomics is the branch of econcmies that focuses on the impact of choices on the level of economie activity
Fill in the blanks with the mumber that correspoods to the correct word or phrase from the word bank below L. Opportunity oost aprdase z 3. margin 4. satisfaction 5. individual 6. Self interest 7. choices 8. small 9. Maximize profits When making a distinction between economists and other social scientists it is noted that economists give special emphasis to the role of in their analysis of choices. Ecooomists assume that individuals make that seek to maximize the Economists argue that individuals pay attention value of some objective, and that they define their objectives in terms of their own changes in the levels of the activities they pursue. Economists asume that people are motivated by their In studying consumers, to the consequences of when making choices, for example owaen of business firms seek to economists ame that individual coasumers make choices aimed at maximizing their level of Economists argue that most choices are made "at the "Microeconomies is the branch of economies that focuses on the choices made by markets decision-making uits in the economy-typically consumers and fimsand the impacts those choices have on Macroeconomics is the branch of econcmies that focuses on the impact of choices on the level of economie activity
Chapter1: The Art And Science Of Economic Analysis
Section: Chapter Questions
Problem 2.2P
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