-Refer to the Above Diagram

question 240

Multiple Choice

-Refer to the above diagram.The combination of computers and bicycles shown by point F:

• A) is unattainable,given currently available resources and technology.
• B) is attainable,but entails economic inefficiency.
• C) is irrelevant because it is inconsistent with consumer preferences.
• D) suggests that opportunity costs are constant.

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Definitions:

Sales Contract

A legally binding agreement between a buyer and seller which outlines the terms of sale for goods or services.

Car Dealership

A business that sells new or used cars at the retail level, based on a dealership contract with an automaker.

Ownership Utility

The value or satisfaction an individual gains from having control over a product or item and the ability to use it as desired.

Salesperson

An individual employed to represent a company and its products or services, aiming to sell and promote them to customers.