Answer:
the answer is option D)<u>Equal sharing of the bill ensures that people order a similar dollar amount of food</u>
Explanation:
The theory of consumer behavior states that "consumers allocate incomes among different goods and services to maximize their utility"
Consumer behavior revolves around three parameters their preferences, budget constraints, and options available.
The budget constraint will definitely influence the choice of what to buy within the options available to maximize utility. That means how the bill is shared among the three friends will ultimately affect how much they will chose to eat.
Secondly, The vegetarian will not be better off with equal sharing of the bill because the cost of his food according to the data provided is less.
We don not know for sure if the wine drinker drinks too much or whether he will want his other friends to foot the extra bill from the cost of his wine but we are certain that equal sharing of the bill ensures that people order a similar dollar amount of food.
Answer:
7,000 economic loss
Explanation:
accounting profit - opportunity cost = economic profit
50,000 company earnings - 35,000 - 22,000 opportunity cost
7,000 economic loss
She currently is putting his labor and capital to receive 50,000
if she offers his labor to another company it will receive 35,000
if she offers his capital to another project it will yield 22,000
The total opportunity cost is 57,000
She is losing by keeping his company. It should take the job and, put his capital somewhere else.
Holding all else equal, will increasing the efficiency units of labor lead to sustained growth? Why? Yes, although it will lead to sustained growth only if individuals learn the correct skills as determined by the type of physical capital available.
The answer is that it indicated the order of "greater importance".
A hierarchy refers to an arrangement of things (objects,
names, values, classes, and so on.) in which the things are represented to as
being "above", "beneath", or "at an indistinguishable
level from" each other. A hierarchy can connect elements either specifically
or in a roundabout way, and either vertically or diagonally. Authoritative structures exist that are both unconventional
and correlative to hierarchy.
Answer:
An organization of workers that negotiates with employers, as a group, over wages and working conditions.
Explanation: