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[Econ] opportunity cost 題目一問

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opportunity cost 題目一問

CE 97/II/3

Later, John finds that he has to queue up to exchange his coupons for gifts. The queue show that
A. these gifts are truly free of charge
B. there is a shortage of gifts for all customers
C. the promotion campaign is successfully and there is an increase in the demand for the company’s products
D. customers has an extra cost to obtain the gifts

the correct ans of this question is D.
but, queuing up implies that there is a shortage, doesn't it?
   

TOP

the coupons may be free to exchange. Therefore, queuing up implies scarcity, but not necessarily shortage.
Also, D is correct because queuing up adds time cost to the customers.

TOP

put it in this way: does queuing up for a bus imply shortage?

TOP

queueing up means there is competition

it implies that there is discrimination as there is scarcity ,not necessarily a shortage.

TOP

Actually shortage may exist in this case, but option B is still incorrect.
Here's why,
the statement says, ' there is a shortage of gifts for all customers '
while ALL is the keyword.
For customers who queue at the first place, they face no shortage and can definitely acquire the coupons as they are at a prior to do so.
Therefore, although there may be a shortage of gifts, it is not for ALL customers.

Therefore, statement B is incorrect.

TOP

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