(Answered) 1 cite three examples of recent decisions that you made in

Economics

1. Cite three examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit.

2. Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of economic resource, distinct from labor? What are the major functions of the entrepreneur?

3. How does self-interest help achieve society's economic goals? Why is there such a wide variety of desired goods and services in a market system? In what way are entrepreneurs and businesses at the helm of the economy but commanded by consumers?

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