Answer:
No, Watching TV has an opportunity cost
Explanation:
Opportunity costs represent the forfeited benefits for preferring a certain option over others. It is the foregone benefits from the next best alternative.
Watching TV for two hours has an opportunity cost. By watching TV, a person has sacrificed doing other things. The two hours could have been used in other ways like working, studying, swimming, or playing. By watching TV, the person missed benefits from the other activities. The other activity that would have resulted in more benefits other than watching TV is the opportunity cost.
Answer:
The statement is: True.
Explanation:
Every time a company decides to open up businesses abroad, the must make a study in which the possibilities of success in the new region are highlighted. <em>Consumer behavior </em>and <em>buying patterns</em> are two of the main factors they have to consider as well as the <em>performance of the overall economy</em> of the country in the past years.
<span>In a
perfectly competitive market, the total revenue for
a firm
is the product of price and quantity. Meanwhile the average revenue is
calculated by dividing total revenue with output quantity. And then the Marginal revenue is
calculated by dividing the change in total revenue by change in quantity.
Profit is maximized when Marginal revenue equals Marginal cost.</span>
Therefore the answer to
this is:
marginal revenue equals
“average revenue, the price, and marginal cost for all levels of output”
Answer: you are preparing a map that shows consumer perceptions of the company's brands versus the competitions products
Explanation:
Positioning is the perception of a product in the consumer's minds in relation to its competing product. The positioning map is therefore a graphical device that is used to study and analyse the perceptions or positions of each of a group of competing products with respect of two particular product characteristic.
If someone is asked to prepare a positioning map, the individual needs to prepare a map that shows the consumer perceptions of the company's brands in relation to the competitions products.
Answer:
C) It does not consider cash flows occurring after the payback period
Explanation:
Although the payback period (payback rule) is a convenient and easy way of determining the <em>break-even point </em>of an investment (when will the cash inflows cover the initial expenditure), the truth is that it does not take into consideration what happens with the cash flows after the payback period.
For example, when comparing two investments with a similar payback period. It would be a mistake to immediately opt for the one with a lower payback period without assessing and determining the cash flows after the payback period for both of them.