Mathematics, 20.02.2020 11:06 nataoli3843
Producers must consider how limited a resource is
when it is used to create an item. The more scarce a
resource is, the greater value is given to that resource.
It is important to determine if it is necessary to use a
scarce resource to create a good, because a less scarce
resource could be used instead. This would make it
easier to produce a good, but it would give the final
item a lower value.
Which concepts are addressed in your answer? Check
all that apply
the idea that scarce resources are more valuable
the idea that less scarce resources are less
valuable
Answers: 1
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Producers must consider how limited a resource is
when it is used to create an item. The more...
when it is used to create an item. The more...
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