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3 years ago

ECONOMICS - What is the 'consumer's problem'?

Business

2 answers:

MrRissso [65]3 years ago

7 0

It is A. the difficulty in maximizing total utility with budget constraints

Anastasy [175]3 years ago

3 0

Answer:

The best answer is "A"

the difficulty in maximizing total utility with budget constraints

Explanation:

The major problem of consumers is that they want to attain a level of satisfaction from a particular goods or services when they knw that it is difficult to reach.

If the demand is more than the supply,the price will be higher therefore there will be less consumption.

The price a consumer is willing to pay for a good depends on the benefit derived by consuming the product and it decreases for each additional unit of consumption.

At the point where total utility is achieved in the goods and services bought, satisfaction received from consuming a given total quantity of that goods is reached.

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Cover Board Inc. is a company that designs and prints advertisements on coffee sleeves used on cups sold in coffee shops. To fin

Delicious77 [7]

Answer:

The correct answer is: C. Personal selling

Explanation:

The personal sale is a tool of the promotional mix or type of sale where a particular seller offers, promotes or sells a product or service to a particular individual consumer directly.

It is based on a personal communication since it goes from one person (the seller) to another person (the potential customer or buyer), unlike for example advertising, which uses impersonal means since it is addressed to several consumers at the same time.

Personal selling is the most effective way to sell a product and to get a satisfied customer with the possibility that he can repeat the purchase or recommend the product or the company to other consumers.

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3 years ago

Read 2 more answers

The difference between the small business owner and the entrepreneur is that the entrepreneur:A. manages the businessB. files ta

Oksanka [162]

Answer:

E. is accurately described by all of the above

Explanation:

The main difference is that the entrepreneurs took at the big picture and are more ideal, innovative and risk-takers and focuses more on the startups and growth and spread of business and attempts to make profits

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3 years ago

A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the

labwork [276]

Answer:

C alternative would yield the lowest total cost for an expected annual volume of 111 boats

Explanation:

The computation of each alternatives are shown below:

A (new location)

Fixed cost $310,000

Variable cost ($400 × 111 boats) $44,400

Transportation cost $5,300

Total cost $359,700

B (subcontract)

Fixed cost $0

Variable cost ($3,200 × 111 boats)$355,200

Transportation cost $32,000

Total cost $387,200

C (expand existing facilities)

Fixed cost $74,000

Variable cost ($1,200 × 111 boats) $133,200

Transportation cost $88,000

Total cost $295,200

Out of these, the alternative C has the lowest total cost

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3 years ago

Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation’s ant

Andrej [43]

Based on the costs incurred by Kasper Corporation to make the commercial-grade cooking griddle, the total cost per unit is <u>$55.00.</u>

<h3>What is Kaspar Corporation's cost per unit?</h3>

This can be found as:
= Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead per unit + Variable selling and administrative expenses + Fixed selling and administrative expenses per unit

Solving gives:

= 17 + 8 + 11 + (300,000 / 30,000) + 4 + (150,000 / 30,000)

= $55

Find out more on the total cost of produced units at brainly.com/question/18089483.

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2 years ago

In general, firms should use their weighted average cost of capital (WACC) to evaluate capital budgeting projects because most p

Elodia [21]

Answer:

b. false

Explanation:

Generally, this statement is incorrect because the company should be viewed as an ongoing company and the use of debt (or equity) to fund a given project will change the capital structure and this factor should determine the cost of capital on all projects on the target capital structure. "Prague Ekt financing "may be used and in particular the status of the project will be considered. It is a very specific situation, however, it" usually "is not.

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3 years ago