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Vera_Pavlovna [14]
3 years ago
7

Hector would like to buy a new pair of soccer cleats. Hector prefers Adidas to Puma brand soccer cleats. But Hector chooses to b

uy the Puma brand cleats instead. Which of the following reasons for Hector’s choice is consistent with rational consumer choice?
a. The price of Puma brand soccer cleats was less than the price of Adidas brand soccer cleats.
b. The price of Adidas brand soccer cleats was less than the price of Puma brand soccer cleats.
c. Hector could not afford to buy both pairs of soccer cleats.
d. Hector did not know his preferences between the two brands of soccer cleats.
Business
1 answer:
oksano4ka [1.4K]3 years ago
3 0

Answer: Option (A) is correct.

Explanation:

It was given that consumer prefers Adidas to puma brand soccer cleats but he buys puma brand soccer cleats. This is only because of the price theory and rational consumer choice. We know that a rational consumer will choose a product with a lower price. Both puma and Adidas brand soccer cleats are substitutes, thus, if the price of puma cleats is lower than the Adidas cleats then he should prefer puma brand soccer cleats.

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Answer:

Spend $25000 on cyber insurance to transfer the risk

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A cyber insurance is the best option since it protects the business from internet based risk such as the breach of customer database and other risks involved in the use of the internet by businesses and individual internet users.

The cost of purchasing a Data Loss Prevention solution that would cost $30000 per year will amount to $150000 in 5 years which will be more expensive compared to the cost of the risk it is been used to prevent. hence it is not a good option. also accepting the risk is a very bad option becasue the risk might harm the business beyond expectation.

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3 years ago
Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d
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Answer: how much butter she buys at each price point.

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3 0
3 years ago
Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the va
ahrayia [7]

Answer:

D: increase investment projects by firms

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When interest rates are lowered, it is a green signal for small and medium size enterprises to borrow money for their investment projects.

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2 years ago
Slinky Company purchased merchandise on June 10, 2021, at a price of $26,000, subject to credit terms of 4/10, n/30. Slinky uses
vampirchik [111]

Answer:

The answer is given below;

Explanation:

June 10.

Inventory    (26,000*.96)                Dr.$24,960

Accounts Payable                                                   Cr.$24,960

2.If payment is made on June 18,2021

Accounts Payable           Dr.$24,960

 Bank                                Cr.$24,960

3. If payment is made on July 8,2021

    Inventory  (26,000-24,960) Dr.$1,040

   Accounts Payable                  Cr.$1,040

    Accounts Payable (1,040+24,960) Dr.$26,000

    Bank                                                 Cr.$26,000

As the credit period of 10 days  for discount was not availed, therefore full amount payment will be made.

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3 years ago
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Answer:

c. public service advertisement

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Public service advertisement  -

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8 0
3 years ago
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