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EleoNora [17]
3 years ago
8

Jeff Brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable TV ser

vice. Jeff plugs his new big screen into the cable and enjoys the cable service without paying for it. Economists would describe Jeff Brooks as a ______.
Business
2 answers:
goblinko [34]3 years ago
7 0

Answer:

The correct answer is: Free Rider.

Explanation:

In economics, the Free Rider dilemma relates to someone being able to get what others pay for less or even for free. The problem comes when people do not want to pay their fair share for something other people pay for. That is more prevalent when it comes to public goods.

DENIUS [597]3 years ago
5 0

Answer:

free rider

Explanation:

In economics, a free rider is someone that benefits from using some service or good but is not doing anything to pay for his/her consumption of the service or good, i.e. they are using something for free and they do not wish to change that situation.

Free riders are much more common than what many believe, for example, people living in the suburbs that go into a city and use their public services, e.g. transportation, roads, police officers, parks, etc.

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An amount for which of the following accounts would not appear in the Balance Sheet columns of the end-of-period spreadsheet?
stiks02 [169]

Answer:

Service revenue

Explanation:

Service revenue does not appear on a balance sheet. It appears on an income statement.

3 0
3 years ago
Within some types of land use, business location may be determined by the type of service or products that are offered to consum
kupik [55]

Answer:

The correct answer is letter "C": supermarket.

Explanation:

A convenience store is a retail shop that offers daily-use goods to consumers such as groceries, drugs (that require no prescription), magazines, among others. Businessmen take profit from these stores thanks to the wide variety of products being sold.

In that sense, <em>supermarkets </em>would fall into this category since they match perfectly with the definition of a convenience store due to the diverse kind of goods they offer.

3 0
3 years ago
A strategy that focuses on increasing the attractiveness of a product is referred to as a​
NARA [144]

Answer:

Differentiation strategy

Explanation:

Differentiation strategy is an approach by a business to make its products and services unique and better in comparison to products from its competitors. The strategy aims at creating a perception in customer's minds that the company products are superior.

The company aims to attract more sales by distinguishing itself from the competition.

6 0
3 years ago
Tomas increased his consumption of potato chips when the price of pistachios increased. For Tomas, potato chips and pistachios a
mixer [17]

Answer: A. substitutes in consumption.

Explanation:

The substitutes in consumption are products that can be replaced by others and satisfy the same desires or the same need. They respond to the buyer's need to consume a product whose price increases or can no longer purchase it.

<em>For example,</em> in this case, Tomas can no longer acquire pistachios (which are a snack) because increased in price, therefore the potato chips are replacing the pistachio as a snack because it is cheaper.

<em>I hope this information can help you.</em>

4 0
3 years ago
Read 2 more answers
Brown Fashions Inc.'s December 31, 2018 balance sheet showed total common equity of $4,050,000 and 265,000 shares of stock outst
PIT_PIT [208]

Answer: $16.60

Explanation:

The following information can be gotten from the question:

Total common equity = $4,050,000 Shares of stock outstanding = 265,000

Net Income = $450,000

Dividends = $100,000

Based on the information given, the book value per share will be calculated as:

(Total common equity + Net income - Dividends) / Outstanding shares

= ($4,050,000 + $450,000 - $100,000) / 265,000

= $4,400,000 / 265,000

= $16.60

6 0
2 years ago
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