Daniel and his intramural team just won the co-ed volleyball tournament, and they’re celebrating at an all-you-can-eat pizza place. daniel has had four slices of pizza and is trying to decide whether to have a fifth slice. he does not have to pay for it, but he is thinking about whether the increased calories of the fifth slice are worth it. which foundation(s) of economics is he applying? choose one or more: a. trade-offs b. microeconomics c. marginal thinking d. the principle that trade creates value

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.