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Hoochie [10]
3 years ago
10

Bullie Jean has $1.20 to spend and wants to buy cither a new amplifier for her guitar or a new mp3 player to listen to music whi

le working out. Both the amplifier and the mp3 player cost $120, so she can only buy one. This illustrates the basic concept that:__________.
a. trade can make everyone better off.
b. people face trade-ofts.
c. rational people think at the margin.
d. decisions made at the margin are not particularly important .
Business
1 answer:
Rasek [7]3 years ago
6 0

Answer: b. people face trade-offs

Explanation:

From the question, we are informed that Bullie Jean has $120 to spend and wants to buy cither a new amplifier for her guitar or a new mp3 player to listen to music while working out.

We are further informed that the amplifier and the mp3 player cost $120, each and so she can only buy one. This shows that people face trade offs and have to make a choice regarding some decisions. Here, an opportunity cost will be the one that she didn't buy at the expense of the other.

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Answer:

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Explanation:

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7 0
2 years ago
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Explanation:

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