This illustrates the basic concept that b. Econ Chapter 1. The price you pay for the ticket but not the value of your time. Both a and b are correct. An economist hidden in the bushes observes the following rates of food production:
Share this link with a friend: Assume fried chicken and pizza are substitutes. The "invisible hand" refers to. The overriding reason why households and societies face many decisions is that. What term refers to the property that society has limited resources and therefore cannot produce all the goods and services people wish to have?