Answer:
The correct answer is option d.
Explanation:
In a perfectly competitive market, it is assumed that the buyers and sellers have perfect information and take their economic decisions accordingly. But in reality, buyers and sellers do not have perfect information.
Information comes at a cost, which can sometimes be high. The rational decisions of the consumers without full information can lead to irrational outcomes.
If the cost of gathering information is less than or equal to the benefit earned from the information, the consumers will gather information and make fully informed decisions.
But if the cost is higher than the benefits, the consumers will not gather information and make a less informed decision.
Answer:
He will be less likely to spend on scones.
Explanation:
Understanding the spending pattern requires to understand the factors involving in purchasing.
- Income: Some people live tightly, and for that they have to cut down their expenditures and that affects their spending. Jose will not have much issues although buying scones because they will not be expensive, so this relationship is negative.
- Substitution: This will probably affect the the spending of Jones on scones because he used to buy both together, and if he stops spending on coffee he will not buy scones as well.
Steve has used the foot-in-the-door <span>technique to induce compliance.
A foot in the door technique is a persuasion technique that makes a person to agree to do a small favor and asking that person to do a bigger favor after the small favor is done. According to research, </span><span> The foot-in-the-door technique succeeds owing to a basic human reality that social scientists call "</span>successive approximations<span>".</span>
Crusoe's opportunity cost for producing a pound of berries would be 0.4 pounds of fish.
<h3>What is the opportunity cost of the fish?</h3>
This can be found as:
= Change in quantity of fish / Change in quantity of berries
Solving gives:
= (30 - 26) / 52 - 42
= 4 / 10
= 0.4 pounds of fish
Find out more on opportunity cost at brainly.com/question/1549591.
#SPJ1
Answer:
What would be helpful in analyzing positive and negative trends and being able to adjust for them in the advertising plan?
periodic evaluations
Explanation:
periodic evaluations gives room for adjust trends periodically in the advertisement plan, it ensures thorough analysis is carried out often in order to maximize profits while at the same time meets customers demand
