Author Question: After graduating from college, Jim had two choices. He can either move to Florida, from ... (Read 45 times)

audragclark · **on:** Jul 1, 2018

After graduating from college, Jim had two choices. He can either move to Florida, from Philadelphia, where he can work as an analyst and earn 60,000 or he can stay in Philadelphia and work in a car dealership earning 59,000 . His opportunity cost of moving to Florida includes
a. The benefits he could have received from playing soccer
b. 59,000
c. both a and b
d. none of the above

Question 2

Which of the following is TRUE?
a. To reduce cannibalization among products, reposition a product so that it does not directly compete with the other
b. After acquiring a substitute product, lower prices on both the products
c. After acquiring a complementary product, raise prices on both the products
d. None of the above