Question

1) Describe the good or service that you bought. What was it? Was it a good or service? Was it a need or want?

Answer 1

I bought goods. I bought vegetables,fruits and chicken.
I wanted to spend money on bananas to make milk shake. But i didn't have enough money. So i bought mangoes instead. they served the same purpose.
Bananas would have cost me 3$. But I got the mangoes in 2$. Opportunity cost is the cost of Getting one extra unit at the expense of the other. In this case,opportunity cost is the cost of bananas.
I have purchased chicken that i will use to make sandwiches. that way i can save money and not be worried about the hygiene of the market sandwiches. Bananas were a bit expensive but i got the next best thing. mangoes. i can make milkshake now for less cost. No pressure. the only pressure was of the money i had. No i do not. i bought the products to keep healthy and save money.
Because the cost is less compared to the milkshake or the sandwich that i would have bought from the market. And i also have no worries of the hygiene. i can eat without worry.
I will. I was able to save the cost and obtain more advantages from my purchase. and the price was good. I am surely buying the same products again 
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