Ken has $10 and six hours to go shopping. he has enough time to look at many items to buy but only has enough money to buy one thing. he concludes that his money is scarce but his time is not. evaluate ken's reasoning.

a. his time is scarce, not his money, because he could use his time to do something that does not cost any money.

b. both his time and money are scarce because there are other ways he could spend his time and money.

c. both his time and money are scarce because he cannot buy all the items he wants to while shopping.

d. his money is scarce, not his time, because he cannot buy all the items he wants even though he has enough time to look.

the correct answer is ) possibility.

demonstrating opportunity cost is done through production possibility.

the opportunity cost can be demonstrated using the production possibility frontier or curve. this graphic shows the total number of possibilities for two products when we have the resources needed and used in an efficient manner. the main resources could be money, labor, and technology. the curve shows that the production of one good increases when the production of the othe

d. i assume the underlined word is "role." reformat if it isn't.

explanation:

role is closest to part because when replacing words, "playing a vital decision," "playing a vital activity," and "playing a vital dollar" don't make logical sense. the only meaningful choice is "playing a vital part."

this fits one of merriam-webster's definitions of role: "a function or part performed especially in a particular operation or process."