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lozanna [386]
3 years ago
14

Two people can benefit from specialization and trade by obtaining a good at a price that is a. lower than his or her opportunity

cost of that good. b. the same as his or her opportunity cost of that good. c. higher than his or her opportunity cost of that good. d. different than his or her opportunity cost of that good.
Business
1 answer:
denis-greek [22]3 years ago
8 0

Answer: Option (a) is correct.

Explanation:

Correct Option: Lower than his opportunity cost of that good.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

In our case, if people obtained a good at a price that is lower than his opportunity cost of that good then he will be benefited from the trade.

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The total demand for money is the sum of the transactions demand plus the ____________ demand for money.
Mkey [24]

Answer:

precautionary and speculative

Explanation:

Aggregating the transactional, precautionary and speculative demand for money, we get the total demand for money. This is sometimes known as the liquidity  preference curve, and is inversely related to the rate of interest.

Total demand for money=Transactions demand+precautionary and speculative demand for the money

Therefore, the answer to the question is precautionary and speculative

5 0
4 years ago
Which recovery operations requires operators/crews to use their basic issue items (bii), an additional list (aal), or on-vehicle
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3 years ago
Increasing ________ involves improving an organization's ability to respond to customers, stockholders, governments, employees,
lapo4ka [179]

Answer:

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3 0
3 years ago
A company plans on selling 500 units. The selling price per unit is $10. There are 60 units in beginning inventory, and the comp
BaLLatris [955]

Answer:

Units to be produced will be 540

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Explanation:

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And ending Inventory= 100 units

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Units to be produced is given by

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So 540 units are produced

So option (a) will be the correct answer

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GenaCL600 [577]

Answer:

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Explanation:

5 0
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