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kicyunya [14]
3 years ago
12

On monday, the meteorologist forecast a 20 percent chance of rain, so sheryl took her umbrella to work. on friday, he reported a

n 80 percent chance that it would not rain, so sheryl left her umbrella at home. sheryl's behavior illustrates the impact of
Business
1 answer:
Hunter-Best [27]3 years ago
3 0

The impact of framing. In psychology, framing means viewing situations and decisions in positive or negative perspectives and basing your decisions of of the expected effects. Because there was a small chance of a negative effect (getting rained on) on Monday, Sheryl decided to take her umbrella.

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You have $3000 per month to cover your expenses. You estimate your monthly costs to be rent of $1200, car expenses of $700, util
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with the student loans you will be over 800

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What does the SSN on the student financial application form mean?
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As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has
Alex17521 [72]

Answer:

The management should adopt skimming pricing strategy.

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For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

7 0
3 years ago
Read 2 more answers
In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem,
Leni [432]

Answer:

Y = C + I + G + NX

S = Y - C

S = I + G + NX

Explanation:

National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}

National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C

Using above equations, Y = C + S , Y = C + I + G + NX

C + S = C + I + G + NX

So, S = I + G + NX

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