Complete the choice rules

Exercise and reference answers

Missing parts

1. Answer

   scarcity

   Choices

   1. scarcity
   2. surplus
   3. equity

2. Answer

   margin

   Choices

   1. margin
   2. average
   3. total

3. Answer

   sunk

   Choices

   1. sunk
   2. marginal
   3. fixed

Complete the statement

Because of {0}, every choice gives something up; decisions are made at the {1}; and costs already spent are {2} costs that should be ignored.

Instructions

Tap a word for each blank to complete the rules.

Explanation