Scarcity & Choice
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Get it written →Consider a business thatis currently operating (e.g., your current employer, Amazon, GM, etc.). Respondto the following questions with respect to the business you choose.
1. Identifythe business and list at least one example of an economic resource for each ofthe four categories listed in your text that this company uses (or very likelyuses).
*Remember, you are considering economic resources(e.g., labor, capital, entrepreneurial talent, etc.), and not payment for theseresources (e.g., wages, etc.).
3. Howcan the study of economics help this company decide how to better use theseresources?
*Think specifically about marginal analysis. Forexample, how could marginal analysis be used when analyzing how to best uselimited resources?
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