The difference between the total value consumers place on all the units consumed and the payments they need to make in order to actually purchase that commodity
2. C If this decision was not taken, resources would have remained in investment causing in vestment to increase. So the next best alternative (opportunity cost) of this decision is the reduction in investment
3. A The problem of scarcity arises due to lim ited resources to satisfy unlimited wants Option A would decrease the exist ing limited resources while all other options would increase lhe limited resources