If the Relative Price of a Lift Ticket at a Ski

question 147

Multiple Choice

If the relative price of a lift ticket at a ski resort is two times the price of a meal at a good restaurant,what is the opportunity cost of a lift ticket

• A)the slope of the budget constraint
• B)the slope of the indifference curve
• C)the intercept on the lift ticket axis
• D)the intercept on the meal axis

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Definitions:

Organizational Structures

The system of hierarchy and arrangement within an organization defining how roles, responsibilities, and authority are distributed.

Line Structure

An organizational framework where direct reports and authority flow vertically from the top executive to the lowest level employee, emphasizing clear chains of command.

Multidivisional Structure

A corporate organizational structure where a company is divided into multiple, semi-autonomous units, each with their responsibilities, operations, and management.