Answer: A.
Explanation:
By definition, opportunity cost is the amount or value of something you gave up for another good.
For example: say you value sleeping in at $5 value going to class at $4. You decide to get up and go to class, the $4 value. Therefore, your opportunity cost is what you gave up (sleeping in) for another good/choice (going to class), is $5 since you valued sleeping in at that.
Answer:
The stick price theory helps to explain the upward sloping shape of the aggregate supply curve.
Explanation:
The price tends to be sticky for a number of reasons.
- Firms will need to incur menu costs if they constantly change prices
- Frequent change in prices may annoy the customers
- The wage rates remain the same even after change in price because the wages are based on contracts
The short-run aggregate supply curve is upward sloping because of the stickiness of price, there is a positive and direct relationship between output and price. Due to the high expected price level in the short run, the firms will expect the input prices to rise along with an increase in the product price.
To counter the increase in inputs price, the product price is kept high. The higher price provides motivation to produce more. That's why the short-run aggregate supply curve is upward sloping.
The DAW mean dispense after written. Dispense as written refers to the prescriber's instructions regarding authorization for substitutes with generic counterparts or ordering of the specific prescribed drug with "DO NOT SUBSTITUTE" the instructions on the prescription.
A DAW code indicates the prescriber's instructions to the payer for the generic equivalent substitute or dispense of the specific prescription drug. when the member expressly requests the brand-name drug over the generic version at the pharmacy In both cases, the plan continues to pay the high cost of the brand-name drug so that the member's access to the medication is not disrupted.
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Okay i'm trying to find the rest of the answers but heres most of them:
1. Approximately how many people watch the March Madness tournament? Approximately 140 million people watch march madness.
2. March Madness is second to only one other sporting event? What is it? March Madness is second to only the Super Bowl.
3. What percentage of the NCAA's revenue comes from men's basketball? How is this revenue generated? NCAA generated a revenue around 90%.
4. How did Nike first gain brand exposure through men's basketball? Explain. Vaccaro, the Chief among the NCAA’s critics, Had Nike give the players free shoes to wearing during games. After that happened teams started to become sponsored by Nike.
5. How does best-selling author Michael Lewis argue that playing college sports impedes athletes from getting an education? Michael Lewis argues about how student-athletes spend more time on sports then education.
An electric vehicle that offers a new, longer-lasting battery at the existing prices is an example of a company focusing on customer value.
In sales, commerce, and economics, a patron is the recipient of a great, provider, product or concept - received from a supplier, dealer, or supplier through a monetary transaction or trade for money or some different treasured consideration.
A customer is a person or business that purchases some other corporation's goods or services. customers are important because they pressure sales; without them, groups can not continue to exist.
An instance of a customer is someone who is going to an electronics shop and buying a tv. (informal) someone, especially one engaging in some kind of interaction with others.
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