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Amy Has Only $50 to Spend for Her Weekend Entertainment

Question 154

Essay

Amy has only $50 to spend for her weekend entertainment. She can go to a college football game for $50, or she can go to the movies for $10. Explain the problem of scarcity and choice in this context. What will Amy consider as she decides whether to go to the football game or the movie?

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The scarcity represented by the limited ...

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