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Answer: the loss of potential gain from other alternatives when one alternative is chosen
Explanation:
Answer:100
Explanation:
The following information can be gotten from the question:
Cost for 10 sofas = $2500
Cost for 12 sofas = $2760.
Average Cost = Total Cost/Quantity
2500 / 10 = $250 and
$2760 / 12 = $230
The average cost for 12 sofas will be $230
Marginal cost is the change in total cost divided by the change in quantity. This will be:
= ( 2760 - 2500 )/( 12 - 10 )
= 260/2
= 130
The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:
=230 - 130
= 100
Answer:
places
Explanation:
In marketing, brand leverage is a strategy used to add value to a new brand by associating it to existing brands. In this case, some Swiss watches are world famous for being excellent and very expensive watches, e.g. Rolex, Omega, Piguet, Patek Philippe, etc. So what this salesperson is doing, is associating this unknown watch to other Swiss watches and therefore claiming that it must also be a good watch.
The same happens with cars, e.g. Volkswagen are cheap entry level cars in most of the world, but in the US they are branded as German cars or built with German technology, associating them to high quality cars like BMW or Mercedes Benz.