Question

Your friend offers you a pencil or a T-shirt for your iced coffee. You chose the T-shirt because it had the highest?

A. opportunity cost.

B. demand.

C.scarcity.

D. benefit.

Answer 1

When your friend offers you a pencil or a T-shirt for your iced coffee and you choice the T-shirt because it had the highest benefit. The correct answer is D. 

Answer 2

I believe the answer is: D. Benefit

Benefit refers to the positive value that you receive after making a certain amount of sacrifice. This concept could be used when you are choosing a product. Between pencil or t-shirt, t-shirt would definitely offer more benefit in term of functionality and financial value.