The opportunity cost of producing one fish for Pilau is 1/4 coconut.
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What is the opportunity cost?</h3>
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Opportunity cost arises because the resources available to carry out production activities are available in limited quantities. So, when economic agents decide to produce a good, they forgo the opportunity to use the same resources to produce another good.
Economic theory suggests that the good that should be produced is the good that has the least opportunity cost.
Opportunity cost for Pilau of producing fish : 20 / 60 = 1/4 coconut
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Answer:
The correct answer is D) offers growth in revenues and profits by discovering or inventing a new industry or distinct market segment that renders rivals largely irrelevant and allows a company to create and capture altogether new demand.
Explanation:
The blue ocean strategy is a marketing theory that determines the need for organizations to forget about competition and focus especially on creating their own growth possibilities, which allows perceiving other variables that are of greater importance for business and that generally remain hidden due to the price war in which the market has been involved.
producer price index is a unit
of inflation built on prices compensated for supplies and inputs by producers
of goods and services.
producer price index is also used
to define the price index that entails of intermediary goods and finished
goods.
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You get to control how the business is run, you don't have to listen higher ups. It is also rewarding to see how well your business is doing.
