Jason went to a restaurant to buy something to eat. The menu included sandwiches ($5 each), soups ($3 each), salads (5$ each) and pasta dishes (10$ each). Jason wanted a sandwich, a soup and a salad. However, Jason had only $6 and decided to buy only a sandwich. Which of the following statements is wrong? Question 25 options: Jason did not have enough money to buy the food he wanted. This exemplifies the concept of scarcity. Jason decided to buy a sandwich, giving up the possibility to eat a salad or a soup. This exemplifies the concept of trade-off. Jason saved $1 after buying the sandwich. This is an example of normative statement. Jason preferred to buy a sandwich rather than a salad. This exemplifies the concept of opportunity cost.
Jason went to a restaurant to buy something to eat. The menu included sandwiches ($5 each), soups ($3 each), salads (5$ each) and pasta dishes (10$ each). Jason wanted a sandwich, a soup and a salad. However, Jason had only $6 and decided to buy only a sandwich. Which of the following statements is wrong? Question 25 options: Jason did not have enough money to buy the food he wanted. This exemplifies the concept of scarcity. Jason decided to buy a sandwich, giving up the possibility to eat a salad or a soup. This exemplifies the concept of trade-off. Jason saved $1 after buying the sandwich. This is an example of normative statement. Jason preferred to buy a sandwich rather than a salad. This exemplifies the concept of opportunity cost.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 1SCQ: Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can...
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![Jason went to a restaurant to buy something to eat. The menu included sandwiches ($5
each), soups ($3 each), salads (5$ each) and pasta dishes (10$ each). Jason wanted a
sandwich, a soup and a salad. However, Jason had only $6 and decided to buy only a
sandwich. Which of the following statements is wrong? Question 25 options: Jason did not
have enough money to buy the food he wanted. This exemplifies the concept of scarcity.
Jason decided to buy a sandwich, giving up the possibility to eat a salad or a soup. This
exemplifies the concept of trade-off. Jason saved $1 after buying the sandwich. This is an
example of normative statement. Jason preferred to buy a sandwich rather than a salad. This
exemplifies the concept of opportunity cost.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F56e953c4-0834-4d78-8bc0-ea003927c0a6%2F5731f3e4-67fc-4093-983c-774efdd1d0b1%2Fglsfixq_processed.png&w=3840&q=75)
Transcribed Image Text:Jason went to a restaurant to buy something to eat. The menu included sandwiches ($5
each), soups ($3 each), salads (5$ each) and pasta dishes (10$ each). Jason wanted a
sandwich, a soup and a salad. However, Jason had only $6 and decided to buy only a
sandwich. Which of the following statements is wrong? Question 25 options: Jason did not
have enough money to buy the food he wanted. This exemplifies the concept of scarcity.
Jason decided to buy a sandwich, giving up the possibility to eat a salad or a soup. This
exemplifies the concept of trade-off. Jason saved $1 after buying the sandwich. This is an
example of normative statement. Jason preferred to buy a sandwich rather than a salad. This
exemplifies the concept of opportunity cost.
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