How are opportunity costs and buying connected?(1 point)
Responses
People buy items to make the most money from a product.
People buy items to make the most money from a product.
People buy items that grow their wealth.
People buy items that grow their wealth.
People buy items that they need.
People buy items that they need.
People buy items that give them the most happiness.
1 answer
People consider opportunity costs when making buying decisions. They choose to invest in the option that provides the greatest benefit or profit while considering what they must give up (the opportunity cost) by choosing that option over another.
46 answers