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Vitek1552 [10]
2 years ago
9

Andy compares mattresses. A twin-sized NightSoft mattress at the large chain BuyRite costs $1,500. The BuyRite saleswoman tells

Andy that the company's 24-hour customer service, free mattress cleaning, and 60-day return policies are the best in the business.
A similar twin-sized model, the DarkNights mattress, at the small store Joe's Bed and Linens, costs $1,495. The salesman at Joe's tells Andy that this store offers a 30-day money-back guarantee, plus free delivery.
Which of these is Andy experiencing?
Non-price competition in a monopolistically competitive market
Non-price competit
Business
2 answers:
Yuliya22 [10]2 years ago
6 0
It seems that you missed some of the options to answer this question, but anyway, here is the answer. Based on the given scenario above wherein Andy compares two stores selling the same model of mattresses, the one that Andy is experiencing is a non-price competition in a monopolistically competitive market. The answer would be the first option. Hope this helps.
Margarita [4]2 years ago
3 0

Answer:

Non-price competition in a monopolistically competitive market

Explanation:

Monopolistic markets are characterized by a small number of firms that sell similar products and compete through differentiations in products or services, but whose prices are similar, ie not competitive price.

The narrated case is indicative of monopolistic competition, since the product and price are similar and what differentiates firms is the type of service provided. In one case, there are 60 days changeover and 24-hour customer service and free product cleaning. In the other case, the store offers 30 days for exchange and free delivery at cost. The intuition of each store in these types of post-purchase services is to generate a differentiation in its product, which is similar to that of the other store, in order to attract the customer. Therefore, there are few firms, the competition is non-price, with similar products and with small directions in service, all these parameters are from a monopoly competition market.

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On June 16, 1995, the DJIA closed at $4,510.79. Assume the index lost 135 points on the next trading day. Compare that to a 500-
lora16 [44]

Answer:

The occurrence would be more impactful in 1995 as the % drop is higher

Explanation:

In 1995, % change in DJIA = 135 / 4510.79 = 0.029928 = 2.99%

Today, the DJIA is at 29,263.48 . The % change in DJIA = 500 / 29,263.48 = = 0.017086143 = 1.71% .

Thus, In 1995, the occurrence would be more impactful as the % drop is higher

7 0
3 years ago
An accord is an agreement by the parties to offer and accept some performance different from that originally bargained for. the
Tema [17]
The answer is satisfaction. It is the legal consideration which binds the parties to the settlement. A valid accord does not discharge the prior contract; instead, it appends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction. The performance of the contract will discharge both contracts. If the creditor breaches the accord, then the debtor will be able to bring up the existence of the accord in order to enjoin any action against him.
5 0
3 years ago
One advantage of countercultures is that they:_____.
Yuki888 [10]

Answer:

c. maintain surveillance over and critically review the company's dominant culture.

Explanation:

Counterculture is a sociopolitical term that represent the dissent point lies between the dominant and alternative value system in order to develop the collective voice for considering the minority

Also the employees who have the counter culture belief so it shows the goods source for checking out over and above to the dominant one

Therefore the option c is correct

7 0
3 years ago
Charles is a stay-at-home parent who lives in New York City and teaches tennis lessons for extra cash. At a wage of $25 per hour
Margaret [11]

Answer:

2.75, elastic.

Explanation:

Measure labor supply elasticity of Individual T's as follows :

              \bf Elasticity=\frac{Percent \;change\;in\;labour\;hr}{\frac{Average\;labour\;hour}{\frac{Percent\;change\;in\;wage\;price}{Average\;wage\;price} } }

                                \bf =\frac{16-6}{\frac{16+6}{\frac{2}{\frac{35-25}{\frac{35+25}{2} } } } }

                                \bf=\frac{10}{\frac{11}{\frac{10}{30} } }

                                \bf=\frac{0.91}{0.33}

                                =2.75

Therefore, the elasticity of the labour supply of Individual T's is approx. of earnings per hour. <u>2.75</u>, meaning that the work supply of Person T's is <u>elastic</u> across this wage range

4 0
2 years ago
When a note payable is issued for property, goods, or services, the present value of the note is measured by:
Vaselesa [24]

Answer: 'D'

The answer can be any of these.

3 0
3 years ago
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