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A consultant works for $200 per hour. She likes to eat vegetables, but is not very good at growing them. Why does it make more economic sense for her to spend her time at the consulting job and shop for her vegetables?

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Chapter 1

Welcome to Economic

Introduction

How Markets Work

Lisa E.

September 2, 2021

: 3. A consultant works for $200 per hour. She likes to eat vegetables but is not very good at growing them. Why does it make more economic sense for her to spend her time at the consulting job and shop for her vegetables?

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this problem. The basic information that were given is that a consultant makes on a lot of money, and this consultant likes vegetables, likes vegetables and is bad a growing them. So if she likes vegetables that we can kind of assume that she wants to eat a lot of them. And for us, if we want Thio eat a lot of vegetables, we can, either by them or we can go then. So because she's really bad at growing them makes sense for her to buy them. Why? Because she already makes $200 an hour, she's able to afford. It would be easier for her. She can make in, like, an hour $200 that could buy her like a bunch of groceries, a bunch of vegetables, really nice vegetables instead of growing, maybe to vegetables. Um, in the matter of two months, if she's lucky for her economic spent sentence, economic sense just means an allocation of scarce resources in this situation, Scarce resource is time. It makes more sense for her to spend that time, um, doing something that could help her maximize her utility, maximize Maur of what she has to offer, then growing these

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