I think the answer is positive reinforcement.....
Answer:
The answer is to rent a car.
Explanation:
Value per hour = $5
24 hours make a day
Value for a day(24 hours) = $120
Value for two days(48 hours) = $240
For renting a car:
Car is $30/ day
So car will be $60($30 x 2) for 2 days.
Value for two days(48 hours) that he spent = $240
Therefore, total cost for the two days if he rents a car is
$60 + $240 = $300
For flight:
$400 for airplane ticket.
Two hours that he will spend is $10($5 x 2)
Therefore, total cost for taking flight is
$400 + $10
=$410
So a rational consumer will go for the lower cost which is to rent a car.
Answer:
The indifference point is $17,000
Explanation:
Giving the following information:
Location:
Alpha Ave.:
Fixed Costs= $ 5,000
Variable costs= $ 200 per person
Beta Blvd.:
Fixed costs= $ 8,000
Variable costs= $150 per person
We need to find the indifference point.
Alpha= 5000 + 200*x
Beta= 8000 + 150*x
5000 + 200x=8000 + 150x
50x=3000
x= 60
Answer:
its either b or c, im more confident about b though
Explanation
Answer:
E. both industries represent price-making firms.
Explanation:
Monopolistic competition refers to an industry in which companies sell products or services that can be similar but they are not perfect substitutes which generates low entry barriers and they are price makers because they can influence prices given that there are not perfect substitutes for their product. According to this, the answer is that monopolistic competition is like monopoly in that both industries represent price-making firms because in a monopoly companies as in monopolistic competition, companies are able to influence the price of the product.