People usually exploit opportunities to make themselves better off.

1. Larry has an incentive to spend more time on swimming than on biking or running.

2. People face trade-offs.

3. Larry can use time most efficiently by spending the same amounts of time on swimming, biking, and running.

Question

London Davila

Business

21 June, 05:38

People usually exploit opportunities to make themselves better off.

1. Larry has an incentive to spend more time on swimming than on biking or running.

2. People face trade-offs.

3. Larry can use time most efficiently by spending the same amounts of time on swimming, biking, and running.

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Answers (1)

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Jimmy Schwartz · Answer 1

2. People face trade-offs.

Explanation:

People face trade-off after cost and benefit analysis. for example, spending more time studying economics involve a benefit (a benefit is to get high marks in the subject). and cost is you could have spent that time doing something else, such as working in a restaurant to earn money. That is, your decision involves a trade-offs.

People usually exploit opportunities to make themselves better off.1. Larry has an incentive to spend more time on swimming than on biking or running.2. People face trade-offs.3. Larry can use time most efficiently by spending the same amounts of time on swimming, biking, and running.

People usually exploit opportunities to make themselves better off.

1. Larry has an incentive to spend more time on swimming than on biking or running.

2. People face trade-offs.

3. Larry can use time most efficiently by spending the same amounts of time on swimming, biking, and running.