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3 years ago

(a) what was the opportunity cost of non-gm food for many buyers before 2008?

Business

1 answer:

Rama09 [41]3 years ago

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Answer:

Buyers opportunity cost for non genetically modified food was alternative food available before 2008

Explanation:

opportunity cost simply means cost of alternative forgone. Example if one purchases a car and utilizes for a taxi, his opportunity cost could be the value he would have received for his investment if he had bought a truck and used it for loading cement for building projects. We apply this to the question above and so the opportunity cost is alternative of non genetically modified food available that would have been bought before 2008

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Which skills will be most beneficial for computer help desk technician

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vesna_86 [32]

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<h3>What do you mean by a Product?</h3>

A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.

Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.

Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.

Learn more about the product here: brainly.com/question/22852400

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