The relevant cost in economic decision-making is the opportunity cost of the resources rather than the outlay of funds required to obtain the resources.
a. true b. false
Question 2
Harry's HVAC sells its new units bundled with after sales service. Why would it want to do that?
a. To ensure that the customer knows that they are stuck with Harry's service technicians
b. To ensure that only the highest paid personnel get to service the units
c. To ensure that the customers do not buy second-class servicing and then infer faulty design if a unit breaks down due to inadequate service
d. All of the above
Sandia ear-plug-sized samplers hang poised to sample gases relevant to climate and weather.
The Increasing Cost of Health Care, 1960–2010
Typical Startup Cost Categories Cont.
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