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tekilochka [14]
4 years ago
7

Candice is planning her activities for a hot summer day. She would like to go to the local swimming pool and see the latest bloc

kbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity. This illustrates the basic principle that:________. a. people respond to incentives b. rational people think at the margin. c. people face tradeoffs. d. improvements in efficiency sometimes come at the expense of equality,
Business
1 answer:
Debora [2.8K]4 years ago
6 0

Answer:

Option C People face tradeoffs

Explanation:

The reason is that the tradeoff is situation where the wise person value the matter on a set scale and then make a decision to choose the best for the thing that he is ready to sacrifice. In business, it is also called Opportunity cost. You have two options in the scenario, if you go to swimming you can't watch the movie and if you go to movie then you can't enjoy swimming.

Example

When my girlfriend calls me during job timings I have to choose to leave the work or carefully listen to her. If I don't consider the girlfriend call a tradeoff here, I will stay single. So tradeoff are very important.

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Citizens file income tax is to a sure that they will receive ?
anastassius [24]

Answer:

Down below

Explanation:

Citizens file income taxes to ensure that they will receive a if they paid too much in taxes throughout the year. Employers supply a to help citizens file their tax returns.

5 0
3 years ago
Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00
svp [43]
There are different types of pricing strategies: penetration pricing (entering the market with a low price), economy pricing (low marketing and low prices), premium pricing (when the price is higher than the competitors), psychological pricing (example $99, instead of $100), demand-based pricing (based on the demand of the customers).
<span>Delta airlines prices its tickets so that it is less expensive to travel between midnight and 5:00
a.m. than during the day, when there is heavy business travel. this illustrates demand-based pricing.</span>
4 0
3 years ago
A young couple has $300,000 that they have used to aggressively trade growth stocks. They place their account with a Registered
EastWind [94]

Answer:

the investment advisor should do nothing

Explanation:

In the scenario that is being described, the investment advisor should do nothing. This is because the investment advisor did nothing wrong or illegal, he simply followed the instructions that were strictly provided by the clients, therefore acting in accordance with the customers' wishes. Meaning that he has nothing to fear from the client's being accept because they have no standing to take legal action against the advisor.

7 0
3 years ago
In the last few decades the car manufacturing sector has found it difficult to compete with foreign car imports. High labor cost
vladimir2022 [97]

Answer: c. It could allow real wages to downwardly adjust more easily.

Explanation:

When there is modest inflation, companies in the car manufacturing industry can simply decide not to increase nominal wages. This would lead to a fall in real wages as inflation would ensure that the nominal wages are less than they were worth before.

This decrease in real wages will allow the companies in the industry to reduce labor costs in real terms and become more competitive with the foreign manufacturers.

3 0
3 years ago
Product costs:
olga2289 [7]

Answer: Option (a) is correct.

Explanation:

Product costs are the costs that are associated with the production of a product. This is a cost that is incurred in making a product. Product cost includes direct labor cost, direct material cost, consumable supplies and manufacturing overhead. Product costs are also related to the cost of a worker or labor needed to rendered a service to a consumer.

5 0
4 years ago
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