Maurice wants the male lead in the school play. The problem is that rehearsal is held for two hours every weekday afternoon for the next three months. If he gets the lead, he must quit his after school job at the mall. If

he quits now, the manager probably would not hire him for full-time summer work. Maurice desperately needs

the income to help his family pay medical bills.

Since he is senior, this is Maurice's last chance to be in a high school production. The best actors in the spring are

sometimes chosen for Summer Theater. This often leads to a career in drama, which Maurice has always wanted.

Case Review

1. What is the trade-off if Maurice decides to keep his job?

2. What is the opportunity cost if he decides in favor of the play?

3. What other alternatives might Maurice have?

4. How would you resolve Maurice's goal conflict if this were your decision?

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u.s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Your debit card is stolen, and you report it to your bank within two business days. how much money can you lose at most? a. $500 b. $25 c. $50 d. $150