Question

Kelly decides to stop studying for a math test and spend the last 1/2 hour of study time working on her public speaking presentation. This vignette best illustrates the economic principle that:a. resources should be used efficiently.b. decisions are made at the margin (marginal analysis)c. markets have an innate tendency to move towards equilibrium.d. people respond to incentives.

Answer 1

Answer:

Im not 100% sure, but I think the answer is: A. Resources should be used efficiently

Explanation:

Kelly is studying for her math test and then she realizes that she still need to work on her public speaking project and she only has half of an hour to study, so this is an example of Limited Resource which in this case, The Limited Resource is Time.

So that is how I got to the conclusion that the answer is A.

Hope this helped! Good luck and have a great day!