Answer to Question #155406 in Microeconomics for bidisha pattnaik

Question

Describe the trade-off faced by a member of Congress deciding how much

to spend on national parks and a Maths professor deciding whether to

prepare for class.

Answer 1

When the members of congress decide how much to spend on the national park, they make trade offs of how much they would be spending on other programs such as national defense, welfare schemes, development of infrastructure and so on

When the professor prepares for a class, he or she makes trade offs of the time he could spend on his personal activities such as research, resting or performing other activities