Suppose you could quantify the amount of satisfaction you receive from consuming ice cream in money terms. You might say, "I expect to get $3 worth of satisfaction from this ice cream cone." According to traditional economic theory, if the price of this ice cream cone were $3.05, would you buy one?

a. Yes, since the marginal benefit from consuming the ice cream cone is greater than the marginal cost.
b. Yes, since the marginal cost of consuming the ice cream cone is greater than the marginal a. benefit.
c. No, since the marginal cost of consuming the ice cream cone is greater than the marginal benefit.
d. No, since the marginal benefit from consuming the ice cream cone is greater than the marginal cost.

Provides for personal development. though leadership training, as well as local, state and district conferences, students involved in a ctsos young people in the maturation process, them grow and assume active roles in their community.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.