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14 October, 16:56

the relationship between scarcity, choices, and trade offs

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  1. 14 October, 17:57
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    Says come to where his resources such as time attention and when you're limited they must choose how to best allocate them by making trade-offs the concept of trade-offs due to scarcity is formalized by the concept of opportunity cost the opportunity cost of a choice is the value of the best alternative forgone
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