Discussions- not APA - original 60-100words each

1. Describe as way someone could use the concept of opportunity costs this
week. Reply (60-100 words):

2.The total revenue test is an easy way to explain elasticity. Why? Reply
(60-100 words):

3. In a market system of economics price functions as a good rationing
device for scarce resources. [Use both the concepts of supply (from the
prospective of a provider of a good or service) and demand (from the
prospective of a consumer) in your response.] Reply (60-100 words):

 4.Government price floors and ceilings are always successful. Reply (60-100
words):

5. What is diminishing marginal utility and how does it relate in someone
personal life? Reply (60-100 words):

 6. Economics is a zero sum game. Explain why. Reply (60-100 words):