Economists can predict what consumers in general will do because all humans seek D. BENEFIT MAXIMIZATION.
Consumers want to get the value for their money. They buy goods that are worth the amount they are willing to spend.
For example, in comparing two products, product A is cheaper but has a shorter life-span. Product B is pricier but lasts longer than Product A.
Given the choices, I'd prefer to buy Product B because I will benefit form it for a longer time than Product A.
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
Overmanaging is the most evident mistake Claudia made as a senior accountant.
Answer:
If the firms want to maximize profit and they are price takers, they will eventually start hiring more women. Since the demand for female workers is lower, the price of their labor should also be lower. That means that if a firm wants to maximize its profits, it will need to decrease its costs. A way to decrease a company's costs is to hire cheaper labor.