The term scarcity means that
society has a limited amount of resources
fear determines what people will purchase
businesses succeed if they use high prices
people cannot have everything they want
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
Ok remember the question that we just did?
OpenStudy (anonymous):
no
OpenStudy (anonymous):
LOL
OpenStudy (anonymous):
people cannot have everything they want
OpenStudy (anonymous):
Correct
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
Thanks for the medal
OpenStudy (anonymous):
welcome
OpenStudy (anonymous):
I will give you one for being so nice and a hard worker. LOL ;)
OpenStudy (anonymous):
tnx
OpenStudy (anonymous):
You can either go to a movie or go bowling. If you choose the movie,
you will spend far more on the movie then you would on bowling
you will have made the choice that has the most benefit
your opportunity cost is the amount of money you pay for the movie
your opportunity cost is the time and experience of bowling
Still Need Help?
Join the QuestionCove community and study together with friends!
Sign Up
OpenStudy (anonymous):
Wealcome
OpenStudy (anonymous):
Um.... Wait up I am thinking
OpenStudy (anonymous):
you will have made the choice that has the most benefit i think
OpenStudy (anonymous):
I know
OpenStudy (anonymous):
:) :(
Still Need Help?
Join the QuestionCove community and study together with friends!