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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

The Five Powers of Economic Thinking

By: Eugene Disney

Mr. Blanc, Period 4

Economics

May 17, 2005

resources cost more than you think
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
Prices are signals to producers and consumers

You call these bagels?

Only

$15.00!!!

Only $9.99!!!!

all economic behavior is rational
All economic behavior is rational

Still $9.99!!!

Also 9.99!!!