Unit I Homework Answer the following from the Problems Appendix in the back of y Leave a reply Unit I HomeworkAnswer the following from the Problems Appendix in the back of your textbook on pp. 325-326, and upload your answers through Blackboard: Chapter 1: Questions 1, 2, and 4 Chapter 2: Questions 1, 2, and 4Your completed Homework assignment should be at least three to four pages in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA style.QuestionsChapter 11. (Definition of Economics) What determines whether or not a resource is scarce? Why is the concept of scarcity important to the definition of economics?2. (Rational Self-Interest) Discuss the impact of rational self-interest on each of the following decisions:a. Whether to attend college full time or enter the workforce full timeb. Whether to buy a new textbook or a used onec. Whether to attend a local college or an out-of-town college3. (Marginal Analysis) The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one mile. What considerations must be taken into account if such a decision is to increase profitability?Chapter 21. (Marginal Analysis) The owner of a small pizzeria is deciding whether to increase the radius of delivery area by one mile. What considerations must be taken into account if such a decision is to increase profitability?2. (Opportunity Cost) You can spend spring break either at home working for $80 per day for five days or go to Florida for the week. If you stay home, your expenses will total about $100. If you go to Florida, the airfare, hotel, food, and miscellaneous expenses will total about $700. Whats your opportunity cost of going to Florida?3. (Specialization) Provide some examples of specialized markets or retail outlets. What makes the Web so conducive to specialization? This entry was posted in Macroeconomics on December 6, 2021 by .