Answer:
These are the options for the question
A. Customer Profitability Estimation
B. Consumer Worth Evaluation
C. Customer Lifetime Value
D. breakeven point
E. cost per order
And this is the correct answer:
C. Customer Lifetime Value
Explanation:
Customer Lifetime Value is the assessment of the value that a particular customer will add, or give to a company, during his or her lifetime.
Tyche Inc. is focusing on customer lifetime value because its business strategy consists in catering to loyal customers who are likely to spend money on the company during an important percentage of their lifetimes.
Explanation:
Monotonic transformation refers to changing the quantity of both the variables in a way that their ranking or order is preserved. Monotonic transformation of a utility function does not change the marginal rate of substitution as the order of preferences remains intact with the monotonic transformation. It's just the level of utility that either increases or decreases with such a transformation. The indifference curve shape remains the same. With monotonic transformation, consumer moves from a lower to higher or higher to lower indifference curve.
Answer:
B. a parallel learning structure.
Explanation:
By definition, a parallel learning structure is an informal structure in which different members collectively solve a problem. This group is made up of employees from various levels and functions within the organization who practice open communication outside of and parallel to the normal, hierarchical structure. ABC Corp. meets these criteria and therefore choice B would be the correct answer.
Answer:
A) <u>is a fixed cost of operating the tattoo parlor.</u><u> </u>
Explanation:
Fixed costs refer to those costs which do not change irrespective of the level of output. An example of fixed cost would be rent of the factory building which will be paid irrespective of the level of production.
In the given case, the person in question quit his job for operating an existing tattoo parlor against monthly payment of $4000. Since the amount of payment has been fixed and such payment is not dependent upon any other variable, such cost shall be classified as a fixed cost of operating the tattoo parlor.
Answer:
b. 16 utils.
Explanation:
price of one apple = $0.75
marginal utility from consuming one apple = 24
utils per dollar (from apples) = 24 / $0.75 = 32 utils per dollar
since each banana costs $0.50, Hugh must be obtaining a marginal utility = 32/$ x $0.50 = 16 utils from one banana
when you maximize your marginal utility, the utils per dollar must be equal for both products