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makvit [3.9K]
3 years ago
7

The production decisions of perfectly competitive firms follow one of the Ten Principles of Economics, which states that rationa

l people
a. consider sunk costs.

b. equate prices to the average costs of production.

c. prefer to purchase products from smaller rather than larger firms.

d. think at the margin.
Business
1 answer:
GaryK [48]3 years ago
7 0

Answer: d) think at the margin.

Explanation:

A rational person is defined as some who makes decision with the intelligent thinking rather being emotional .This result usually results in sensible outcomes.

According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.

Other option are incorrect because purchasing items from smaller organization, sunk rate and average cost product equalizing with the price is not the decision ability of a rational person

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Market segmentation involves aggregating prospective buyers into groups that have common needs and will
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Answer:

respond similarly to a marketing action.

Explanation:

Market segmentation is the strategy of marketing that involve dividing the consumer market on the basis of similar taste, interest, age, location, needs or any other factors which are common. It help the company to customize the product and reach maximum customer to gain market share.

There are four type of market segmentation:

  • Demographic.
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3 years ago
According to the aggregate demand curve, when the aggregate price level _____, the quantity of aggregate output _____. rises; de
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Answer:

rises; demanded falls

Explanation:

The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.

The aggregate demand curve is negatively sloped.

Please check the attached image for a graph of the aggregate demand curve.

I hope my answer helps you

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3 years ago
According to the video, what are the goals of window displays? Check all that apply.
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Answer: to catch the eye and to make merchandise look irresistible

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C) Rico, a curious person who loves art and buys the latest gadgets.

Explanation:

The candidate who would best meet Cung's requirements would be Rico.

It is possible to make this decision by analyzing the characteristics of each of the candidates available for the job vacancy.

The necessary requirements for the vacancy are: an employee to recognize when new approaches are needed and learn what customers need and quickly present an innovative way to serve them.

Analyzing Lanny's profile, it is clear that he is not the ideal candidate, as he forces others to do things his way, which does not constitute an attitude of recognizing new approaches and maintaining a posture favorable to innovation.

Another candidate, Gale, a lovely character who encourages and helps everyone, but there is no information if he has the necessary knowledge to serve customers and present solutions related to the technological field.

Gage, a very successful self-proclaimed "old school" worker, is also not an essential candidate for promoting new approaches and innovation.

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Therefore Rico would be the most suitable to be hired, as he has a curious and consumer profile of the latest technological devices, which could assist customers in their choice and also accept new innovations and approaches.

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3 years ago
During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends
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Dec 31            Wages Expenses               4800

                       Wages Payable                                              4800

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An accounting period, in bookkeeping, is the length with reference to which management accounts and monetary statements are prepared. In management accounting, the accounting period varies widely and is decided via management. monthly accounting periods are common.

An accounting duration is the time frame for which a business prepares its financial statements and reports its financial performance and position to external stakeholders. this could be after three, six, or twelve months. The accounting period usually coincides with the business's fiscal year.

learn more about the fiscal year here brainly.com/question/15982144

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