10 points i will mark the best answer Brainliest

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1 answer:

ad-work [718]3 years ago

7 0

Answer:

okay imagine you have a pair of J Balvin Jordan retro ones now you only have one pare of them and they just sold out in stores the very second you bought them that describes the scarcity of in this situation now you bought these shoes to wear but you were being an idiot the day you bought them and you maybe posted a picture on your social media even on the social media account that you sell your shoes for. now you have a hundred people asking you the price of the Balvins which you bought 180 when they first came out now people are asking you for triple the amount and all though the balvins may look good on you 2,240 dollars in profit seems a whole lot better. not you could keep the shoes for yourself and wear them until they get to small and you cant wear them at all or you sell them you trade-off something of seemingly lesser value and you take in whole lot more money for that item. now the only downside to this is if someone had wanted the Balvins for more and you hade already sold them. so scince i cant really have a marginal cost on the shoe cuz there is only one of them i therefore have to take the marginal benifit

Explanation:

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