Use the Following to Answer Question

question 49

Essay

Use the following to answer question:
Table 15.4
-(Table 15.4) This small economy has a total of 4 units of labor and 4 units of capital to be used between the boat and car industries.

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Definitions:

Place Utility

The value added to products by having them available at a location where they are needed or desired by consumers.

Place Utility

The value added to products by having them in a location where they are needed or desired by consumers.

Internet Retailer

A business that sells goods or services to the public via the Internet, including both online-only stores and the online outlets of traditional retailers.