Question

Deborah is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because her pool sessions are helping her swim more quickly, Deborah plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool; however, her husband says that she should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Deborah's plan illustrate that her husband's advice does not?
A. Many decisions are made on the margin.
B. People usually exploit opportunities to make themselves better off.
C. Resources are scarce.
D. All costs are opportunity costs.

Answer 1

Answer:

Option (A) is correct.

Explanation:

Here, the principle states that there are many economics decisions that can be made by analyzing the cost and benefit associated with that decision.

In these kind of decisions, a person looking at the cost and benefit associated with an additional or extra unit consumed or produced.

In our case, her husband wants to spend an extra hour on the swimming pool sessions as this would improving his his swimming skills and hence the chances of winning the triathlon also there.