Question 27 1.25 pts This is the additional benefit of doing something above and beyond what you've already received. For instance, the revenue you make on one additional item-ignoring all the other items you've sold. o total cost O total benefit O marginal cost O marginal benefit Question 28 When you make a decision, you ignore costs because you cannot recoup them. O floating Olost sunk O solid > Question 29 1.25 pts Futures Markets are very different from Stock Markets because for very $1.00 gained, someone losses a $1.00, which is called O Margin Call Real Returns Opportunity Costs Zero-Sum Gain 4 D Question 30 1.25 pts This is the type of competitive advantage a firm has when it fulfills consumer's needs better than other (similar) products available: competitive product o low cost product differentiated product capital project overcomes ownership separation O processing O transportation O buying and selling O storage D Question 32 1.25 This form of utility refers to the activity of delivering food products at the time consumers desire O form utility O possession utility O place utility time utility . Assume your company is interested in the sale of fresh produce for a particular supermarket chain. You know: GDP is forecast to be $10 Trillion Retail food is 15% of GDP This supermarket chain has 2% market share of all retail food receipts Fresh produce accounts for 10% of their sales. . . How much money does this particular market receive on produce? O $30,000 o $30,000,000 O $3,000,000,000 o $300,000,000 Question 34 1.25 pts In the futures market, the maximum amount you can lose is the amount of money you've invested. True False