Topic One: Substitutes and Complements 1. How do retail stores display their merchandise taking into account substitute orcomplementary goods? Give some examples. 2. Have your purchases been influenced by these marketing techniques? Givesome examples. Topic Two: Measuring Opportunity Cost How would you suggest to measure the opportunity cost of a parentthat chooses to play with their child vice play sudoku? How would you measure the opportunity cost of the kid? Topic Three:Marginal Analysis, Opportunity Cost We read this week that opportunity cost must be used to make rational decisions, we alsoread that people should make decisions after considering marginal benefit versus marginal cost. Could you think in situationsthat you could use opportunity cost, marginal benefit and marginal cost concepts to make your own decisions? Provideexamples.

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Topic One: Substitutes and Complements 1. How do retail stores display their merchandise taking into account substitute or complementary goods? Give some examples. 2. Have your purchases been influenced by these marketing techniques? Give some examples. Topic Two: Measuring Opportunity Cost How would you suggest to measure the opportunity cost of a parent

Topic One: Substitutes and Complements 1. How do retail stores display their merchandise taking into account substitute or complementary goods? Give some examples. 2. Have your purchases been influenced by these marketing techniques? Give some examples. Topic Two: Measuring Opportunity Cost How would you suggest to measure the opportunity cost of a parent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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