Economics 100 Discussion 1 AND Response M.M.

timer Asked: Oct 4th, 2018
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Question description

Start your discussion by responding to these questions:

  • What is a scarcity problem you’ve experienced in your work or home life?
  • What system could you use to manage your scarcity problem?

Continue the conversation with your peers:

  • This week, you should think about a time when scarcity (when human wants for goods, services, and resources exceed what is available) impacted a choice or decision you made in your professional or personal life. This week’s question addresses two issues.

First, you should tell your story by describing a problem that you have experienced in your work or home as it relates to scarcity

Second, you should tell us how you were able to solve this problem with specific focus on the scarcity issue of the problem

When addressing the issue raised by this question, keep in mind that choices involve tradeoffs and every choice has a cost. This is why economics comes in to play when you examine the relationship between economics and scarcity. Choices involve tradeoffs and every choice has a cost. Scarcity of means to satisfy given ends, is an almost ubiquitous condition of human nature. For instance, the time at our disposal is limited as there are only twenty-four hours in the day, and we have to choose between the different uses to which they may be put. Because people live in a world of scarcity, they cannot have all the time, money, possessions, and experiences they wish, neither can the society.


  • Read one of your peer’s scarcity problems and provide an additional idea for a system to help solve their problem.

Hello class,

I am currently a coach for our new hire customer service representatives. The days are schedule overlaps with the other new hire class our desks are scarce We don't have enough desks for all of our reps much less the coaches to be able to do their work. We like to have assigned desk for our reps in their 7-week training class so they can have some type of normality and consistency. However, since our desks are scarce we have to move reps around when someone calls out so they have a place to sit. Us coaches have to use their normal work desks on the other side of the call center to log in and out. The scarcity of desks where we need them not only causes an inconvenience but it also causes inefficiencies for us coaches and the reps taking calls.


Tutor Answer

School: Cornell University


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Wow this is really good.... didn't expect it. Sweet!!!!

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