Answer:
Credence Attributes
Explanation:
A credence good or service is a type of good/service with qualities that cannot be observed by the consumer after purchase, making it difficult to assess its level of satisfaction. Examples include expert services such as Tax advisory services, medical procedures, automobile repairs, and dietary supplements.
Because the quality of these products or service are unobservant through search or experience some providers tend to charge consumers at a premium for their provision.
The answer is b-savings back
Answer:
Your opportunity cost of attending a game compared with the opportunity cost facing a college student 10 years ago is:
A) higher, because more games are televised today.
Opportunity costs are the cost of choosing one alternative from another.
In this case, when college students attend college football games they are unable to do other activities, not only while they are at the stadium or going to the stadium, but they are not able to purchase other goods. The cost of those alternatives that are lost are higher now because many college football games are televised now, before if you wanted to see a game you had to go to the game. So a student is now able to watch the game while doing other activities, or saving money for buying something else.
Can this change in opportunity cost account for the decline in college football attendance?
B) Yes, because these changes increase the opportunity cost of watching football games in person.
Even though opportunity costs do not involve actual cash payments, they are still important and individuals do consider them when they are choose one option over another. E.g. imagine if you had to choose between spending a considerable amount of money by attending a game (ticket, gas, beverages, etc.) or watching that game on TV and buying a few clothes instead or going on a date, etc. What option would you choose?
Answer:
D. the same amount of capital and labor.
Explanation:
Based on the scenario being described within the question it can be said that the aggregate production functions will shift upward when the same amount of capital and labor. This is because the aggregate production function describes how real GDP within an economy depends on available inputs, such as the labor that is being put into production, and that labor needs capital.
