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Sagot :
Option d is the correct selection: Karla and Roland can still come to an agreement on a trade.
A consumer's willingness to pay can be thought of as the highest price they can afford for a product or service. When a customer's willingness to pay is greater than the price he actually pays, that customer has earned a surplus. In a similar vein, when a producer receives a price that is greater than the minimum price he is willing to accept, he earns surplus.
What is an example of opportunity cost?
Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
What is the name of opportunity cost?
The next best option is commonly referred to as opportunity cost. The loss of gain that could have been gained if another option was chosen is also referred to as the alternative cost. It can also be described as the loss of a benefit as a result of making a different choice.
To learn more about opportunity costs here
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