A man wants to sell his television. There are two offers, one at Birr 12,000 cash and the other a credit of Birr 12,880 to be paid after 8 months, money being at 18% per annum. Which is the better offer?

We consume for various reasons. sometimes we buy in order to reduce suffering (medicine), or to give pleasure (movies), or to feel safer (a lock), to become wiser (education), or to be more comfortable (a chair). what is the one word used by economists that includes all these meanings? a. cost b. price c. demand d. benefit