Eli has five hours after school that can be used to attend soccer practice (two hours), take a piano lesson (half an hour), study for a science test (two and a half hours), eat dinner with his family (one hour), and play games with his siblings (two hours). How does Eli's situation illustrate the concept of scarcity? How does Eli's situation demonstrate the concept of opportunity cost?

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The Answer of Eli has five hours after school that can be used to attend soccer practice (two hours), take a piano lesson (half an hour), study for a science test (two and a half hours), eat dinner with his family (one hour), and play games with his siblings (two hours). How does Eli's situation illustrate the concept of scarcity? How does Eli's situation demonstrate the concept of opportunity cost?

Eli Has Five Hours After School That Can Be Used