Suppose You Own a Courier Service and You Use Two

question 74

Multiple Choice

Suppose you own a courier service and you use two types of delivery vehicles - Model A,which costs to purchase,and Model B,which costs $50 000 to purchase.You have a budget of for the purchase of new vehicles.What is the opportunity cost of one Model B vehicle?

• A)0
• B)3/5 of a Model A vehicle
• C)5/3 of a Model A vehicle
• D)5 Model A vehicles
• E)3 Model A vehicles

---

Definitions:

Fundamental Attribution Error

A cognitive bias that involves overemphasizing personality-based explanations for behaviors observed in others while underestimating situational explanations.

Urban Ethnic Neighbourhoods

Areas within cities that are predominantly inhabited by members of the same ethnic or cultural group, often retaining distinctive cultural traits.

Lowball Technique

A persuasive strategy where a more attractive offer is initially presented to get an agreement, then terms are made less favorable.

Feigned Scarcity

Feigned scarcity is a marketing strategy wherein the availability of a product is artificially limited to increase demand.