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5 February, 16:49

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

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Answers (1)
  1. 5 February, 20:19
    0
    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.
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