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Kryger [21]
3 years ago
10

I need help with economic hw can someone come up with a example for scarcity and choice, opportunities cost

Business
1 answer:
diamong [38]3 years ago
4 0

Scarcity occurs when the demand for something exceeds the supply. Examples often occur with natural resources when they are over used. Think of over fishing, hunting or poor farming. The choice to over hunt in present may cost hunting opportunities in the future.

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Answer: Having lower opportunity costs.

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One reason that the quantity demanded of a good increases when its price falls is that the:
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You need to decide whether to fight a small fire using a portable fire extinguisher.
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Answer:

If you encounter a fire, a portable fire extinguisher can help protect you and possibly stop the fire in its tracks. This article covers how portable fire extinguishers work and how to use them.

Secure Your Exit

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Fire extinguishers are rated to fight different classes of fire. Most extinguishers are rated to fight A, B and C fires, but not all. Make sure the fire extinguisher you use will work on the fire you’re facing. The wrong extinguisher could make things worse.

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Read 2 more answers
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Company, Customers, Competitors, Collaborators, and Climate.

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