Question:

oblems Applications Ch 01 Which of the following are trade

Last updated: 2/8/2023

oblems Applications Ch 01 Which of the following are trade

oblems Applications Ch 01 Which of the following are trade offs faced by a family deciding whether to buy a new car Check all that apply The vehicle is available in several colors A newer model offers better protection and functions but is more expensive than an older model An increase in the family s car payment means the family will be unable to afford a vacation Which of the following are trade offs faced by a member of Congress deciding how much to spend on national parks Check all that apply Congress can spend either a small amount on a lot of parks or a large amount on a single national park The president likes white flowers and wants to see more in parks Money spent on national parks benefits park visitors but alternatively the money could be spent on highways to benefit drivers Which of the following are trade offs faced by a company president deciding whether to open a new factory Check all that apply The firm can either open a new factory or expand its current factory The firm can either open a new factory or upgrade existing equipment The firm can either pay out more of its profit to shareholders or earn additional profit next year by increasing production Which of the following are trade offs faced by a professor deciding how much time to spend preparing for class Check all that apply The professor has taught the same subject for 4 years The better the lecture the better the professor s chances of tenure but time spent preparing the lecture decreases the time the professor has available to work on research The more the professor prepares the better the lectures but the less free time the professor can enjoy doing something else