Q no 1 and 2 pls
Dear Student,
Ans.1. Opportunity Cost is 80 tonnes of Wheat (option-b). Because Opportunity cost is the cost of next best alternative foregone.
Ans 2. Complements(option-b). Because complementary goods are those goods which are used together. The price of the given good and demand for the other good is inversely proportional in case of complementary goods. Example, milk and tea leaves.
Regards,
Ans.1. Opportunity Cost is 80 tonnes of Wheat (option-b). Because Opportunity cost is the cost of next best alternative foregone.
Ans 2. Complements(option-b). Because complementary goods are those goods which are used together. The price of the given good and demand for the other good is inversely proportional in case of complementary goods. Example, milk and tea leaves.
Regards,