Which statements demonstrate the meaning of opportunity cost for producers and consumers? check all that apply. if producers can only produce one item, they must decide which item to produce based on profit. consumers are limited by their resources, and must give up the chance to purchase one item in order to buy another. consumers and producers are not limited by scarcity of resources or time. when deciding to produce or purchase one item, another opportunity must be given up. the only factor influencing opportunity cost is personal opinion.

A,B,D

Explanation:

If producers can only produce one item, they must decide which item to produce based on profit.

Consumers are limited by their resources, and must give up the chance to purchase one item in order to buy another.

When deciding to produce or purchase one item, another opportunity must be given up.

there is an explationation of this on a site called crash   course world history 1

the economic difference between the three colonial regions. shipbuilding, whaling, fishing, and trapping where also main factors to the economy. the southern regional colonies economy was based on sugarcane, rice, cotton, tobacco, and indigo.