Explain why the deal between Justin and by Dr. Robert Murphy @Mises

Question 71 / 96: Explain why the deal between Justin and Vraj was mutually beneficial.

Answer:

Both agreed to it, so we know it was mutually beneficial. Justin got

to eat his pizza, which he valued more than giving up the future

50 cents in interest, and Vraj earned the interest, which he valued

more than what he otherwise could have done with his $2 the

day he lent it.

Sample Partial Credit Answer

Both agreed to it.

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https://www.jobilize.com/capitalism-the-market-economy-by-dr-robert-murphy-mises

Capitalism: The Market Economy

Access: Public Peer Review

Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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