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?

Food, water, and shelter will not attract insects and rodents if recyclables are stored in

If his parents cannot alex with college, and two of his scholarships will be awarded to other students if he does not accept them immediately, which is the best option for him?

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls