Answer:
a) Marginal cost of waiting is greater than the marginal benefit of being served
Explanation:
For an economic perspective, customer leave a fast food restaurant as they find the marginal cost of waiting is higher than the cost of marginal benefit of being served at restaurant.
Marginal cost: In economics, it is a cost that is incurred for an additional unit of benefit received out of certain action or activity.
Marginal benefit: It is a benefit received for an additional unit of cost incurred during the activity taken place.
Therefore, customer have done analysis on the benefit of waiting in a queue for getting served at restaurant, which he found that marginal cost is greater than the marginal benefit of being served.
Answer and Explanation:
The answer is attached below
The reason loans are not deducted from sticker price even if they are typically offered to you in a financial aid package is that "the net price is actual money that you or any individual will be paying."
This is evident because a net price is the sticker price minus the student's financial aid, scholarships, grants, and other support.
Unlike sticker price, the net price is the college student's amount would eventually pay in his college years.
A sticker price is the whole amount of the annual or session cost of a college education.
Hence, in this case, it is concluded that college students should concentrate more on the net price instead of a sticker price.
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Taxes are automatically withdrawn from paychecks.
A contract that combines a good with a service is considered Mixed Sale
<h3>What is
Mixed Sale?</h3>
A foundational business model known as the "marketing mix" has historically focused on the four Ps of product, price, place, and promotion. The phrase "collection of marketing instruments that the firm utilizes to pursue its marketing objectives in the target market" refers to the marketing mix.
Early in the twenty-first century, marketing theory first appeared. The modern marketing mix was initially published in 1984 and has since evolved into the framework for all marketing management choices. An extended marketing mix is utilized in the services industry; it often consists of 7 Ps, which are made up of the basic 4 Ps plus process, people, and physical evidence. Occasionally, service marketers will use the term "8 Ps," which refers to these 7 Ps plus performance and includes "product, pricing, place, promotion, people, positioning, packaging."
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