-Agnes Can Produce Either 1 Unit of X or 1

question 425

Multiple Choice

-Agnes can produce either 1 unit of X or 1 unit of Y in an hour, while Brenda can produce either 2 units of X or 4 units of Y in an hour. The opportunity cost of producing a unit of Y is

• A) 1 unit of X per unit of Y for Agnes and 2 units of X per unit of Y for Brenda.
• B) 1 unit of X per unit of Y for Agnes and 1/2 unit of X per unit of Y for Brenda.
• C) 1 hour for Agnes and 1/2 hour for Brenda.
• D) 1 hour for Agnes and 2 hours for Brenda.

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Definitions:

Place Strategy

An element of the marketing mix that focuses on the distribution channels and methods by which a product or service is delivered to consumers.

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Sales Era

Refers to the historical period in marketing where the primary focus was on selling products through aggressive sales techniques, with less emphasis on customer needs or product quality.