Answer:
D. Negotiation Collaboration
Explanation:
When people with competing goals work together to find a solution it means they are negotiating to find a common goal.
As you may know, negotiation is a method by which people settle differences, therefore, that leaves the answer to <em>D. Negotiation Collaboration</em>
Yes they was wrong because what FBI says goes
Answer:
B. The value of the next most valuable opportunity
Explanation:
When it comes to choosing among investments, you always have to let go of other choices when you've decided to choose one already. Every option has its own benefits. However, there is an option which is always considered to have the next most valuable opportunity. This one is what you call your opportunity cost. This means, <em>you have foregone the benefits of this option</em> by choosing your current option.
<em>The benefits that you could have enjoyed in choosing this option was sacrificed</em> <u>because you have chosen the current one.</u>
Answer: It is reasonable to assume that a profit-maximizing firm will never operate in the inelastic portion of its demand curve.
Explanation:
It should be noted that a firm that profit maximizing will not operate in the inelastic portion of its demand curve because at that point, the firm isn't maximizing profit.
When there's an inelastic demand, an increase in price will bring about a less than proportionate reduction in the quantity of the goods that's demanded. In such case, if the firm operates at the inelastic portion of its demand curve, when it increases price, this will lead to a reduction in income and profit will not be maximize.
The hindsight bias and overconfidence, plus our eagerness to perceive patterns in random events, can cause tendencies that may lead us to overestimate our intuition. Intuition and intellect are not always accurate, therefore these factors are not trustworthy compared to scientific facts or scientific inquiry which can help us overcome our intuition’s biases and shortcomings.
