Suppose You Are Considering Going to the Cinema, and You

question 24

Multiple Choice

Suppose you are considering going to the cinema, and you place a r₁80 value on your anticipated enjoyment of the film.The ticket price is R90 and you would be giving up two hours of work, where you earn R75 per hour.You would go to

• A)work as the opportunity cost of the movies exceeds the expected benefit.
• B)see the film as your incentive is the R90 excess expected benefit.
• C)see the film as your enjoyment will exceed the lost wages by R30.
• D)see the film as the benefit of R270 exceeds the lost wages.

---

Definitions:

Stage Productions

The process and execution of presenting a performance on stage to an audience, involving actors, directors, and crew.

Automation

The use of technology or machines to perform tasks with minimal human intervention, enhancing efficiency and accuracy.

Need-Satisfaction

A sales approach focused on identifying and addressing the specific needs of the customer, aiming to provide solutions that satisfy these requirements.

Problem-Solution

A method of critically thinking about and solving issues by identifying a problem and devising one or more solutions.