Ed Spends an Hour Studying Instead of Watching Tv with His

question 40

Multiple Choice

Ed spends an hour studying instead of watching tv with his friends.The opportunity cost to him of studying is

• A) the improvement in his grades from studying for the hour.
• B) the improvement in his grades from studying minus the enjoyment of watching tv.
• C) the enjoyment he would have received if he had watched tv with his friends.
• D) zero. Since Ed chose to study rather than to watch tv, the value of studying must have been greater than the value of watching tv.

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Definitions:

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A marketing strategy that spreads a company's message across a country, aiming at reaching consumers nationwide.

Final Consumers

The end-users or individuals who purchase products or services for personal use and consumption.

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A marketing strategy aimed at promoting a company as a whole, rather than its individual products or services, to build the corporate image and reputation.

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A multinational consumer goods corporation specializing in a wide range of personal health/consumer health, and personal care and hygiene products.