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SashulF [63]
3 years ago
15

Ten consumers were invited to participate in a discussion on motels, hotels, and resorts. a discussion leader first asked them w

hat differentiated motels, hotels, and resort accommodations. then she asked them to identify all the amenities they expect to find in overnight accommodations where they may stay. these consumers and their group leader participated in a ________________ .
Business
1 answer:
Tresset [83]3 years ago
8 0
<span>These consumers and their group leader participated in a "focus group".
</span>
A focus group refers to a group of deliberately chosen individuals who take an interest in an arranged discourse that is planned to evoke purchaser perceptions about a specific point or territory of enthusiasm for a domain that is non-threatening and open. 
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Five consumers have the following marginal utilities of apples and pears: Consumer Marginal Utility of Apples Marginal Utility o
Leokris [45]

Answer:

Options C and E

Only Nick and Jake are optimising over his choice of fruit?

Explanation:

The marginal utility obtained from the purchase of a product is the amount of satisfaction derived from purchasing an additional unit of the product.

The utility is maximised when the satisfaction in terms of marginal utilities obtained from each product is equal to each other.

We obtain this simply by dividing the marginal utilities for each fruit by their price, and comparing them.

Dmitiri:

Apples: 8/1 =8

Pears: 10/2 =5

8/1 is not equals to 10/2

Frances:

Apples: 7/1 =7

Pears: 16/2 =8

7 is not equals to 8

Jake:

Apples: 6/1 =6

Pears: 12/2 =6

The marginal utility is equal hence Jake's choice is optimal

Latasha:

Apples: 5/1 =9

Pears: 9/2 =4.5

9 is not equals to 4.5

Nick:

Apples: 4/1 =4

Pears: 8/2 =4

The marginal utility is equal hence Nick's choice is optimal

5 0
3 years ago
Part 1 Household consumption, which accounts for about _______% of the economy, grew at a 4.2% annualized rate during the second
kykrilka [37]

Answer:

1) Household consumption, which accounts for about <u>68%*</u> of the economy, grew at a 4.2% annualized rate during the second quarter of 2016.

*Data obtained from federal government sources.

2) Since household/consumer spending (consumption) represents almost 70% of the nation's GDP, any change will cause a major change in the total GDP. E.g. if consumption increases by 5%, then the whole economy will grow by 5% x 68% = 3.4%.

3 0
3 years ago
What effects does this journal entry have on the accounts? decrease cash and increase land decrease cash and decrease land incre
mezya [45]

Answer:

Decrease cash and increase land

Explanation:

The transaction is:

Account             Debit        Credit

Land                $105,000

Cash                                  $105,000

Purchased land for business.

Both land and cash are assets: they are debited when they increased, and they are credited when they decrease.

Because cash was used to purchase the land, cash decreases and land increases.

3 0
3 years ago
In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a
Usimov [2.4K]

Answer:

Debit : <em>Work In Process Account</em> and  Credit : <em>Raw Materials Account</em>

Explanation:

The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.

8 0
3 years ago
Costs of insurance vary by state, risk profile and amount of coverage. Visit insurance company websites and find out how much ea
FinnZ [79.3K]

Answer:

Home owner’s insurance: most homeowners insurance policies provide a minimum of $100,000 worth of liability insurance. The costs for such a policy would be $500 deductible.

Medical Insurance: For a four person household with a family income of $75,000 in Virginia would be approximately $600 a month. This would not include supplementary insurance.

Automobile insurance: To insure to cars up to $50,000 in damages each, would cost $1,200 a year, paid every 6 months. This assuming that only 2 people in the household have driver’s licenses.

Explanation:

This was the sample answer given

6 0
2 years ago
Read 2 more answers
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