A person can benefit from specialization and trade by obtaining a good at a price that is

A person can benefit from specialization and trade by obtaining
a good at a price that is

A. higher than his or her opportunity cost of that good.

B. different than his or her opportunity cost of that good.

C. the same as his or her opportunity cost of that good.

D. lower than his or her opportunity cost of that good.

Answer

D) Lower than his oppurtunity cost

Oppurtunity cost is the cost paid by the person while doing work
A over Work B. If cost is lower for him then he would benefit. If
cost is higher then he would not benefit.

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