When Andrew Buys Purple Boxer Shorts at Nia's Store for $20

question 221

Multiple Choice

When Andrew buys purple boxer shorts at Nia's store for $20,

• A) Andrew's marginal benefits must be at least $20.
• B) Nia's marginal opportunity costs must greater than $20.
• C) Nia's marginal benefits from the $20 must be less than from the boxer shorts.
• D) Andrew's marginal opportunity costs must be greater than $20.
• E) this is an involuntary exchange because Andrew wouldn't be caught dead in purple boxer shorts.

---

Definitions:

Peer Economy

An economic system that relies on the sharing or exchange of goods, services, or information among individuals or groups, often facilitated by internet platforms.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.

Technical Knowledge

The understanding and expertise related to specific fields of technology, engineering, or any specialized practical domain.

Media House

An organization that produces and distributes content through various media channels, such as television, radio, newspapers, and the internet.