One of the scarce resources that constrain our behavior

| August 31, 2017

Question
One of the scarce resources that constrain our behavior is t
One of the scarce resources that constrain our behavior is time. Each of us has only 24 hours in a day. How do you go about allocating your time in a given day among competing alternatives? How do you go about weighing the alternatives? Once you choose a most important use of time, why do you not spend all your time on it? Use the notion of opportunity cost in your answer.

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