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zimovet [89]
3 years ago
7

Paolo is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Be

cause his pool sessions are helping him swim more quickly, Paolo plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Paolo's plan illustrate that his wife's advice does not?
Social Studies
1 answer:
GalinKa [24]3 years ago
8 0

Answer:

Many decisions are taken at the margin

Explanation:

Many decision are taken at the margin.

He makes small changes at the margin in the number of hours spent training on each activity.

Paola and his wife both realise that increasing time spend in the pool will decrease his total triathlon time.

His time is fixed (20hrs) and anytime he wants to spend extra on one activity, i means that he cannot spend time on another (this is known as opportunity cost).

They are both on the same page in terms of trying to improve Paolo's total time (exploiting opportunities to makes themselves better off).

1hour switch in Paolo's point of view isa major change, whereas his wife recommends a wholesale change.

Paolo realises that as he spends more time in the pool improving his swim time, his run and cycle times will take a hit. As he swims more, his improvement is likely to slow down, while spending less time on cycling and running will cost him more in terms of time.

Hence Paolo is looking at the margins.

His wife on the other hand, is not, she is ignoring the interaction, may be forgetting the ncreasing deterioration in terms of time of the other 2 legs

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