Let's look at the meaning of the four terms:
opportunity cost - this is a cost of an option not chosen, upon the choise of some option.
surplus - this is a situation where more goods are offered than are needed
<span>shortage - t</span><span>his is a situation where less goods are offered than are needed
price fixing
- this is an agreement between competitors to not lower a prize for a certain product.
So the correct answer is surplus!
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<em>Psychologists can be found working in a Hospital and University.
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<em>Psychologist are in hospital because they probably has clinics in there. Their clinic is a place where they could accommodate their patients and tend to their treatments and needs. While in University, there are increasing rate of bothered students who have problems in their homes, socials and personal lives that needed the help of psychologists.</em>
It takes about 5 work days. But if you live in a big area it may take another day.
Answer:
Production focuses on the "when," while product management focus more on the "why"
Explanation:
So Product is an item or service and Production is the process of manufacturing, making products!
Hope this helps :)!
