Gwen Had Only $10 Yesterday

question 99

Multiple Choice

Gwen had only $10 yesterday.She was uncertain whether to go out for lunch or to buy beer.In the end,she bought beer.Which of the following statements is correct?

• A)The choice of the beer and not lunch is an example of constant costs.
• B)The cost of buying beer is less than lunch.
• C)The opportunity cost of beer is lunch.
• D)The opportunity cost of beer is $10.

---

Definitions:

Product Excellence

The achievement of superior quality, performance, and innovation in a product, distinguishing it from competitors and meeting or exceeding customer expectations.

Distinctive Brand Image

A unique visual, emotional, or conceptual identity associated with a brand that sets it apart from competitors.

Operational Excellence

The strategic commitment to efficient operations and improvement in processes to deliver products or services with superior quality and cost-effectiveness.

Macro Strategy

A broad approach focusing on large-scale objectives and initiatives within a business or economic environment.