Question

1. which means, \all other things held constant?\a ceteris paribusb cetera desuntc exempli gratiad e pluribis unum16. in fairbanks, alaska iaon wants to open up a shop that sells specialty hot and cold sandwiches, with fresh meats. iaon stocks his coolers with rabbit, caribou, venison, and elk meats instead of beef, chicken, and pork due to the fact that the cold arctic temperatures cannot sustain those types of farm animals. by choosing to sell locally available meats, instead of more common foods, iaon has answered what key economic question?a what goods and services should be produced?b who consumes the goods and services?c how should those goods and services be produced?d where do the goods and services come from?17. what does it mean to \think at the margin?\a decide how much you need to dob decide what not to doc decide what needs to be doned decide how much more or less to do

Explanation:

• Question 15: "Ceteris paribus" is a Latin term commonly used in economics (a sub - field of Business) which means "all other things held constant". "Cetera desunt" means "the rest are wanting", "exempli gratia" means "for example", and "e pluribus unum" means "out of many, one".
• Question 16: The key economic questions are "What to produce?", "How to produce?", and "For whom to produce?". By choosing to sell locally available meats (rabbit, caribou, venison, elk) instead of more common meats (beef, chicken, pork), I aon is answering the "What goods and services should be produced?" question.
• Question 17: "Thinking at the margin" in economics (Business - Economics sub - field) means making decisions about doing a little more or a little less of an activity. It is about incremental changes. Deciding how much more or less to do (e.g., producing one more unit of a good, consuming one more unit of a service) is the essence of thinking at the margin. Deciding how much you need to do (A) is a more absolute decision, deciding what not to do (B) is a binary decision (do or do not), and deciding what needs to be done (C) is a general decision about the existence of a task rather than its marginal quantity.

Answer:

1. A. ceteris paribus
2. A. What goods and services should be produced?
3. D. decide how much more or less to do