Question

Joe made a budget to only spend $4 on candy a month.
He bought $2 of candy from Tim and saved the last $2

for dinner that he wanted the next month.

SITUATION-1

1.Who was the producer?
2.Who was the consumer?

3.Why did he create a budget?
4.What was the opportunity cost for Tim's decision?

Answer 1

Answer:

Tim is the producer.

and joe is the consumer.