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The Five Powers of Economic Thinking

The Five Powers of Economic Thinking. By: Eugene Disney Mr. Blanc, Period 4 Economics May 17, 2005. Resources cost more than you think. I’m a pizza and I’m $10.00 with tax! . I’m tired. $10.00. Opportunity Cost. Prices are signals to producers and consumers. You call these bagels?.

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The Five Powers of Economic Thinking

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  1. The Five Powers of Economic Thinking By: Eugene Disney Mr. Blanc, Period 4 Economics May 17, 2005

  2. Resources cost more than you think I’m a pizza and I’m $10.00 with tax! I’m tired $10.00 Opportunity Cost

  3. Prices are signals to producers and consumers You call these bagels? Only $15.00!!! Only $9.99!!!!

  4. All economic behavior is rational Still $9.99!!! Also 9.99!!!

  5. All economic decisions are made @ the margin Free!!!

  6. People are maximizers

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