Opportunity Costs Are Not Relevant When a Company Has Idle

question 86

True/False

Opportunity costs are not relevant when a company has idle capacity.If a company has idle capacity,it does not have to give up the opportunity to do something else.

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Definitions:

Watson

Refers to John B. Watson, an American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior.

Insight

The capacity to gain an accurate and deep intuitive understanding of a person or thing.

Köhler

A reference to Wolfgang Köhler, a leading figure in the development of Gestalt psychology, known for his work on insight learning and intelligence testing in animals.

Seligman

A psychologist best known for his work on the theory of learned helplessness and his contributions to positive psychology.