When Ophelia voluntarily buys a cup of tea from Tim Horton's for $1.25,
A) the seller's opportunity costs must be less than $1.25.
B) the seller's marginal benefits from $1.25 must be less than from the tea.
C) Ophelia's marginal benefits must be less than $1.25.
D) she is not making a smart choice.
E) Ophelia's opportunity costs must be greater than $1.25.
Correct Answer:
Verified
Q87: Figure 4.2.1
Market Demand and Supply for Pet
Q88: The price at which there are no
Q89: At the equilibrium price,
A) sellers are frustrated
Q90: Market-clearing prices
A) are equilibrium prices.
B) equalize quantity
Q91: Q93: The famous concept of an invisible hand Q94: When Andrew buys purple boxer shorts at Q95: The miracle of markets eliminates scarcity through Q96: Surpluses are eliminated by Q97: ![]()
A) allowing price to![]()
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