A Recent Study Found That It Was Cheaper to Buy

question 67

Multiple Choice

A recent study found that it was cheaper to buy a chicken dinner from Kentucky Fried Chicken than it was to prepare it at home.The researcher included all costs including the imputed value of time involved to prepare the meal at home.This study illustrates the

• A)value of marginal analysis.
• B)law of increasing costs.
• C)difference between real costs and money costs.
• D)cost disease of the service sector.

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Definitions:

Free Rider

An individual or entity that benefits from resources, goods, or services without paying for the cost or effort involved.

Proportional Share

A portion or percentage of a whole which is allocated in relation to its size, quantity, or importance.

Team Dysfunction

Problems or barriers that prevent a team from working effectively together and achieving its goals.

Weaknesses

Aspects or attributes that diminish an individual's, group's, or organization's effectiveness, performance, or capability in certain areas.