Your Friend Is Preparing for This Exam and in Your

question 453

Essay

Your friend is preparing for this exam and in your practice session makes the following statement: "Instead of attending microeconomics class for two hours, Kiki could have played tennis or watched a movie. Therefore, the opportunity cost of attending class is the tennis and the movie she had to give up." Is your friend's analysis correct or not? Explain your answer.

---

Definitions:

Brand Assets

Unique elements such as logos, fonts, and colors that collectively convey a company's identity and values to the marketplace.

Prior Commercials

Television, radio, or internet advertisements that were aired or published before a current campaign or analysis period.

Gallaugher & Ransbotham

Researchers known for their contributions to understanding the digital business landscape and technology's impact on competition.

Microphone

A device for converting acoustic power into electric power that has an output signal voltage.