A) Opportunity cost
because an opportunity cost is for example you have to pick from a xbox one or a ps4. You saw that the ps4 was more scarce for you but you had to give up the xbox one to obtain the ps4. Nothing is free in life!!! You sacrificed the xbox one for the ps4
Trade surplus or positive trade balance.
Both of these terms refer to the situation of higher exports than imports.
Answer:
Lerner index for Botox = 0.9
Explanation:
The Lerner index measures market power in an industry. The formula for calculating the Lerner index is: L = (P - MC) / P
Lerner index for Botox = ($15 - $1.50) / $15 = 0.9
0.9 in the Lerner index means that a company has a very large market power. Under this situation, this is quite logical since Allergen has a monopoly on Botox, at least until the patent expires.
The Lerner index varies between 0 and 1, with 0 being a situation of perfect competition and 1 a monopolistic situation.
Answer:
b. School Secretary
e. Librarian
f. Teacher
Explanation:
A school secretary, Librarian, and the teacher are full-time employees in a school. They spend most of their day in school and have offices within the school environment.
School Psychologist, Instructional Designer, and tutor work a few hours in a school. They are unlikely to have offices in the school.
Answer:
E. Party plan system
Explanation:
Based on the information provided within the question it can be said that the term being described is called a Party Plan System. This is a marketing approach where a company disguises an marketing tactic within an social event where they sell their product directly and in person. Since the customer base is already there.
