The marginal value of any scarce resource is the dollar amount one should be willing to pay for one additional unit of that scarce resource

Indicate whether this statement is true or false.


Answer: TRUE

Business

You might also like to view...

Discuss strategies for writing letters for claims and adjustments

What will be an ideal response?

Business

Unrealized gains and losses on trading securities appear on the income statement

Indicate whether the statement is true or false

Business

Which of the following is NOT a way that marketers classify services?

A) services performed directly on the customer B) services performed directly on the customer's possession C) services performed indirectly on the customer D) services consisting of tangible actions E) services consisting of intangible actions

Business

When sales of a product drop during the decline stage of the PLC, a company typically modifies the marketing mix, the product, or the market

Indicate whether the statement is true or false

Business