determines whether or not a resource is scarce? Why is the concept of scarcity important to the
definition of economics .2. Discuss the impact of rational self interest on each below:Whether to attend college ft or work full timeWhether to buy a new text book or usedWhetere to attend a local college our out of town3. Marginal analysis The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one mile. What condierations must be taken into account if such decision is to increase profitability4. Sunk Cost and ChoiceYou buy an expensice meal and are full after eating half but decide to eat it. What is wrong with cleaning your plate afterall you paid for it?5. Opportunity costYou can spend spring break working for $80 per day or go to Flordia for the week. Staying home will cost you 100.00. Going to FL will be about 700. Whats the opporutunigy cost for going to FL?6. SpecializationProvide examples of specialized markets or retail outlets. What makes the web so conducive to specializtioan?
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