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| Chapter | Topic | Real-World Business Use | | :--- | :--- | :--- | | 1 | Scarcity & Choice | Prioritizing which product line to invest in | | 2 | Law of Diminishing Returns | Deciding when to stop hiring seasonal workers | | 3 | Price Elasticity | Setting discounts for Black Friday vs. regular days | | 4 | Break-even Analysis | Calculating minimum units to sell before launch | | 5 | Barriers to Entry | Determining if a niche is worth entering | | 6 | Comparative Advantage | Choosing to outsource manufacturing or keep in-house | | 7 | Time Value of Money | Evaluating long-term vs. short-term projects |