Answer and explanation:
Yes, the fact that a consumer is willing to replace four pounds of generic store-brand sugar for two pounds of a brand-name sugar reflects a diminishing marginal rate of substitution. This type of marginal rate of substitution (<em>MRS</em>) explains how a consumer is willing to acquire less quantity of one good to get one more additional unit of another good that is equally satisfying. In a graph, the diminishing MRS is calculated using an <em>indifference curve</em>.
Answer:
quarterly deposit= $12,460.99
Explanation:
Giving the following information:
FV= $60,000
Number of periods= 4*8= 32
i= 0.10/4= 0.025
To calculate the quarterly deposit required, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (60,000*0.025) / [(1.025^32) - 1]
A= 12,460.99
Answer:
The answer is: Product oriented
Explanation:
Marketing considers products as tangible goods or intangible services that satisfy a customer´s need or demand. In this case Ice Cream is Freez´s product and their marketing strategy is based on making their product better. They expect consumer fidelity to be very high and word of mouth marketing to take place.
They believe that once a customer tries their ice cream, two things will happen; They will like their ice cream so much that they will keep buying it (consumer fidelity), and that they will start word of mouth marketing. That is that one customer will tell his friends how good Freez´s ice cream is and that will make those people want to buy the ice cream. Once they buy the product, they will be so satisfied that they will again recommend the ice cream to their other friends. Word of mouth marketing works (on a small scale) the same way social network notifications or viral internet videos work, basically good gossip.
It would be spelled like merecer