The wine bottle is $200 so the demanded price would be 210! Hope this helps.
Answer:
Opportunity cost relating to time
Explanation:
Opportunity cost refers to the benefits foregone of a non chosen option when a choice is made and an option is chosen.
The concept of opportunity cost relates to the sacrifice made of one option to pursue another option since both cannot be chosen at a time.
In the given case, Mr Brown is desirous of attending a musical concert but is scheduled to work for the same time and duration as the concert. So he can either work or go for the concert. Attending the concert would mean loss of income for hours worked instead.
<span>Apprenticeship programs are structured in such a way that it is
mandated that each beginner would first serve as an assistant to a fully
trained worker for a specified period of time before he or she gains full
credentials to work in the field.</span>
Answer:
What is Business Disruption? ... When it comes to business strategy, “disruption” refers to a process in which market entrants come armed with non-conventional business models, and what at their outset seem to be poor-performing products actually come to challenge and eventually replace industry incumbents over time.
Explanation:
