Select the correct answer.

Moira purchased and drank one glass of lemonade that cost 50 cents. After finishing the first glass, she was still thirsty.

So, she purchased a second lemonade. She didn't mind spending an additional 50 cents because she needed the drink.

Which economic concept is at play here?

A human capital

B. diversification

C. marginal analysis

D. production

Question

Kamari Cobb

History

14 March, 11:04

Select the correct answer.

Moira purchased and drank one glass of lemonade that cost 50 cents. After finishing the first glass, she was still thirsty.

So, she purchased a second lemonade. She didn't mind spending an additional 50 cents because she needed the drink.

Which economic concept is at play here?

A human capital

B. diversification

C. marginal analysis

D. production

+2

Answers (1)

Know the Answer?

Abigayle Saunders · Answer 1

D

Explanation:

Production is a process of combining various material inputs and immaterial inputs in order to make something for consumption. It is the act of creating an output, a good or service which has value and contributes to the utility of individuals.