Given:
salary: <span>$10.50 an hour
25 hours a week
expenses:
Cellphone bill: $65/month
car insurance: $1,200/yr
*20% taxes.
There is no specific question but I will solve for Marcus net earnings for the year.
25 hours/week * 52 weeks/yr = 1,300 hours/year
Wages: 10.50 per hour * 1,300 hours/year = $13,650 Gross salary per year
Taxes: 13,650 * 20% = 2,730
13,650 - 2,730 = 10,920 net salary for the year
Cell phone bill: 65 per month * 12 months = 780
Net salary: 10,920
Cell phone bill (780)
Car insurance: <u> (1,200)</u>
Net Income: 8,940 per annum.
</span>
Last semester, Brita bought her textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and she needs to decide right away how and where to purchase her books. Brita will most likely engage in "limited problem solving" process.
<h3>What is limited problem solving process?</h3>
Limited issue solving is another sort of consumer problem-solving that consumers employ when they need information about unknown brands in well-known product categories or when they make sporadic purchases of goods; it takes a fair amount of time for information collecting and consideration.
The characteristics of limit solving process are-
- Limited issue solving is employed when consumers seek information about a new brand within a well-known product category or when they occasionally purchase products.
- When buying a new, expensive, or infrequently purchased goods, consumers engage in lengthy problem solving.
- Possibly when you need to find out information about an unusual brand in a well-known product area, takes a fair amount of time to gather information.
- Clothing is one example where it is known the product class but not the brand.
Therefore, in the given case- Brita lacks the time to thoroughly consider all of his alternatives. Additionally, he will likely follow suit this time around given his recent success purchasing books online (unless he waited too long and cannot receive his books in time).
To know more about steps in the problem solving process, here
brainly.com/question/10708306
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Answer:
Eric's opportunity cost of typing pages is <u>$25</u> per page.
Based on all of these facts, <u>Deborah</u> has a comparative advantage in typing pages.
Explanation:
Eric's opportunity cost of typing is $500 / 20 pages = $25 per page.
Since's Deborah's opportunity cost of typing pages is 20% less than Eric's, then she has a comparative advantage in typing pages.
The person, business or country with the lowest opportunity cost has the comparative advantage in producing that good.
Answer:
we can look at this problem from 2 different point of views:
if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.
if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.
Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.
