Author Question: Which describes the economic meanings of value and price? (Read 58 times)

audie · **on:** May 24, 2019

Which describes the economic meanings of value and price?
◦ Value is exchange worth minus marginal benefit and price is the dollars that must be paid.
◦ Value is the marginal benefit obtained and price is the dollars that must be paid.
◦ Value refers to the gain the producer gets from the good or service and price refers to the gain the consumer gets from the good or service.
◦ Value refers to the dollars that must be paid and price refers to the cost of producing the good.
◦ They are the same and both mean the dollars that must be paid.

af · **Reply #1 on:** May 24, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 39% of students answer this correctly