C the tendency to exploit favorable changes in contraints. D both B and C 2. If Henry decides to give up his social life in order to be more productive at work, an economist would consider this A one of life's many tradeoffs. C contrary to maximizing behavior. D a good thing.
Economists measure value A using the concept of trade-offs.
C in terms of the goods an individual is willing to give up. D all of the above. The marginal value of a good A is measured by what would be forsaken for another increment of the particular good. B is the same as the total value of the good. C is only slightly less than the total value of the good.