How do consumers take part in the resource market?

Business

1 answer:

Andrew [12]4 years ago

7 0

Simple answer....too break it down if there was no consumers there would be Stores open.

Definition of consumer is a person who purchases goods and services for personal use.

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Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.

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Opportunity costs are invisible in nature. An opportunity cost is simply by definition is the difference between the expected returns of each option and this is also the formula for doing so.

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