Answer:
Since there are only a limited number of apartments near the city center, these apartments will be allocated based on <u>BOTH THE COSTS AND BENEFITS</u>. This process is known as <u>OPTIMIZATION.</u>
Explanation:
Optimization refers to calculating the change in net benefits between alternative choices, and choosing the alternative that provides the most benefits at the lowest costs.
For example, the cost of an apartment downtown will be much higher if measured as $ per square foot, but the advantage of saving 90 minutes of travel time a day might justify the extra cost.
If you are married and have children, then the extra cost of living downtown might be too high due to the amount of space needed for the whole family, therefore, it might be cheaper to spend 90 minutes a day travelling than paying an extremely high rent.
Answer:
What is the question? You did not ask a question.
Explanation:
All that was said was... Goodwill can be sold by itself to another company. can be purchased and charged directly to stockholders' equity. is only recorded when the purchase of an entire business occurs. may be expensed upon purchase if desired.
A. what is the monopolist's profit- maximizing output? 5000 units. The point of intersection of MR and MC or when MR= MC. And when the line is extended on to the demand curve it gives the profit maximizing out put for a monopolist
Answer:
please find solution in the attached picture
Explanation:
Answer:
1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.
Explanation:
Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.
The process comprises of below mentioned 5 stages:
- Need recognition : whereby a need is generated
- Search for information so as to identify products satisfying such needs
- Evaluation of all available alternatives i.e assessment of all available products satisfying a need and selecting the best alternative.
- Purchases , the stage wherein the consumer buys the selected product.
- Post purchase evaluation, i.e the stage when consumer evaluates whether he made the right purchase decision.
In the given case, the consumer realized that he hadn't eaten at all during the day and thus instantly stopped at a restaurant, made a regular purchase of a burger without caring for the menu or set of other available alternatives.
Here, the investment decision related to a meal, being a low cost decision and occurring in a famished state. So consumers while making such low cost decisions may not find going through the menu and spending much time in deciding as worthwhile and in short will likely skip steps in the consumer decision making process.
