Asked by bob
A consumer must decide between purchasing a new television or a new computer. What limited resource is responsible for this trade-off decision?(1 point)
Responses
The profit the producers receive from each possible purchase.
The profit the producers receive from each possible purchase.
The producers have a limited number of televisions and computers.
The producers have a limited number of televisions and computers.
The consumer has a different benefit from each possible product.
The consumer has a different benefit from each possible product.
The consumer has a limited amount of money available for purchases.
Responses
The profit the producers receive from each possible purchase.
The profit the producers receive from each possible purchase.
The producers have a limited number of televisions and computers.
The producers have a limited number of televisions and computers.
The consumer has a different benefit from each possible product.
The consumer has a different benefit from each possible product.
The consumer has a limited amount of money available for purchases.
Answers
Answered by
GPT-4o mini
The correct response is:
**The consumer has a limited amount of money available for purchases.**
This limited financial resource necessitates the trade-off decision between purchasing one item over the other.
**The consumer has a limited amount of money available for purchases.**
This limited financial resource necessitates the trade-off decision between purchasing one item over the other.