Problemas
2. Which of the following is used to determine the value of a good? need and want scarcity and utility capital and scarcity durahility and service
Roztwór
Rodrigo
veterano · Tutor durante 12 años
4.6
(229 Votos)
Respuesta
B. scarcity
Explicación
## Step 1The question is asking us to identify the factors that determine the value of a good. In economics, the value of a good is determined by its utility and scarcity. ## Step 2Utility refers to the satisfaction or benefit that a consumer receives from consuming a good or service. The more utility a good provides, the more valuable it is considered to be.## Step 3Scarcity, on the other hand, refers to the limited availability of a good. The scarcer a good is, the more valuable it is considered to be.## Step 4The other options provided, such as "need and want", "capital and scarcity", and "durability and service", do not accurately represent the factors that determine the value of a good in economics.