The need to choose one goods on a comparison of marginal benefits and marginal costs always involves an opportunity cost.
<h3>What is an
opportunity cost?</h3>
This refers to a value of what is rejected in order to perform the chosen alternative.
Hence, the need to choose one goods on a comparison of marginal benefits and marginal costs always involves an opportunity cost.
Therefore, the Option D is correct.
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Answer:
it lowers the payout the company has to make.
Bc all the x’s are all different #
Answer: Explicit Costs
I hope it helps
Answer:
c) Hotel rates for AAA members are lower than for nonmembers.
Explanation:
In business, the term price discrimination refers to the strategy by which the seller charges a different price for the SAME product because the seller knows that the client will pay that price. The key word of this definition is that the seller is offering the <u>same</u> service/product but at different costs
If we take a look at our options we can see that a) offers a different service (one is overnight shipping and the other is standard), b) also offers a different product (first-class seats vs. coach), finally, c) offers the same product (the same hotel rooms) but non members pay more for the rooms than AAA members.
Thus, the correct answer is c) Hotel rates for AAA members are lower than for nonmembers.
