1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Margarita [4]
3 years ago
5

In three to five sentences, describe how a consumer can use a cost-benefit analysis to decide between buying a concert ticket or

buying a new pair of jeans. Mention the steps involved in analyzing each choice and how this process results in a decision.
Social Studies
1 answer:
Afina-wow [57]3 years ago
6 0

Answer:

During a cost benefit analysis, a consumer take in view the worth of his money and what he values more.

Now in order to compare both options and decide, he should go through following steps,

  1. Compile lists: Make a list of all the cons and pros related to both the options covering all bases.
  2. Associate monetary value: Associate monetary values to both the options. For example what would be the benefit or lag if either of the options happen or don't happen.
  3. Set up the equation and compare: Compare the results of the above two steps and see which option has an overall high benefit rate.

This will allow the consumer to analyse both his options and chose the best one.

You might be interested in
Read the sentence.
natita [175]
Answer:
C. Preposition
8 0
2 years ago
Read 2 more answers
How do social problems and evils hamper in the development of a society
Jlenok [28]

Answer

Social evils are the factors that may disrupt the social life to a large extent. They have the capacity to introduce disturbances and troubles in the lives of the individuals inhabiting the society and the overall social norms, values, relations, and activities.

5 0
2 years ago
"when compared with others, people believe that they are more likely to own their own homes and live a long life, and that they
I am Lyosha [343]

Answer:

Optimism bias.

Explanation:

The concept of optimism bias was developed by Weinstein in 1980 while researching on college students. It is also known as 'mistaken beliefs'.

Optimism bias can be defined as a cognitive bias, according to which a person tends to believe that the chance of experiencing negative events is less or low and chances of experiencing positive events are high for them in comparison to their peers.

There are pros and cons to such types of beliefs as people are less likely to assess any risk which will lead them to poor decision making. Though, optimism bias can also help to build self-esteem.

<u>In the given case, when people compare themselves with their peers and believe that the probability of negative experience in their life is less and positive experience is high is </u><u>due to optimism bias</u>.

5 0
3 years ago
Read 2 more answers
What method should be used to help employees when they are nervous about changes in the workplace? Explain.
nirvana33 [79]

Answer:

Prepare and train the employee

Explanation:

These measures of stemming the nervous act of the employee based on changes in the workplace  are based on the way in which the change might result from. A change can come as a result of take over of the company,merger or downsizing the work force.

In preparing and training of employee,the company must ensure that employees learn new skills or go for courses on how they can adhere to new development in the line of change targeted.

There are other methods which includes challenging the employee for positive change, ability to provide solutions, display of real concern about helping the employee.

8 0
3 years ago
A person who is on trial for a crime and “Takes the Fifth” is _____.
katen-ka-za [31]
The answer is B, Is exercising his or her right not to give self-incriminating answers.
3 0
3 years ago
Other questions:
  • Which statements describe an hourly wage job?
    13·2 answers
  • For deep processing to occur, it is better to study in __________ session(s) than in __________ session(s).
    14·1 answer
  • When a finding in an experiment is statistically significant, the scientific community can be confident that ____
    11·1 answer
  • Late afternoon or early evening naps can increase your chances of getting a good night’s sleep.
    6·1 answer
  • According to article 2 of the U.S. constitution, the
    11·1 answer
  • HELP PLZ Surveys and opinion polls can be used by companies to evaluate the success of a product. TRUE OR FALSE
    7·2 answers
  • When social scientists examine the practice of the Inuits leaving their elderly to perish in the cold, they typically evaluate t
    8·1 answer
  • Si un avion es derrivado en la frontera de japon y china a donde enterraran a los sobrevivientes en japon china mexico
    13·1 answer
  • List out any the similarities between<br>community and society.​
    6·2 answers
  • Please help me with at least one
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!