When a potential business owner asks, "How can I improve on this?" it is an example of ________

If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.

nikitadnepr [17]

Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

<h3 /><h3>What is Consumer Choice</h3>

Consumer choice refers to the aspect of microeconomics that deals with the decisions consumers make with regard to products and services.

This involves how consumers decide which products to purchase or consume over time.

<h3>Factors affecting Consumer Choice</h3>

Psychological Factors
Social Factors.
Cultural factors
Personal Factors
Economic Factors

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3 0

2 years ago

An Apple ipod sells for $299, which is marked up 40% of the selling price. The cost of the Ipod is what?

Softa [21]

This means that the original price is 60%, which we will use to calculate it.
299 (the discounted price) : x (the original price) = 60 % : 100 %
60x = 299 * 100
60x = 29900
x = 29900 / 60
<u>x = 498.33
</u><u />The cost of the Ipod is $498.33<u>
</u>

4 0

3 years ago

Read 2 more answers

a trader creates a long butterfly spread from options with strike prices x, y, and z, where x < y < z, and y is exactly mi

Montano1993 [528]

Answer:

Explanation:

A long butterfly is created by following these steps

Long 1 call option for strike X ( highest premium say C)

Short 2 call option for Strike Y (premium =C-6.67 )

Long 1 call option for strike Z (premium = C-6.67 - 5.03 = C-11.70 where X<Y<Z

Here, Y-X = Z-Y =$11.70

<u>i) whenever the price at maturity goes below the price of x ( no call option is executed )</u>

payoff = 2*(C-6.67) -C-(C-11.7) = - 13.34 + 11.70 = - 1.64

<u>ii) when the price at maturity is between X and Y, only call with strike X is executed </u>

hence payoff = -1.64 +(P-X) where P is the Price at maturity

p - x = y-x = 11.70

hence maximum payoff = - 1.64 + 11.70 = $10.06

<u>iii) When the price is between Y and Z , only call with strike X and Y are executed.</u>

hence, payoff = -1.64 + (P-X) -2* (P-Y) = -1.64 +( 2Y - X - P) and this value decreases as P increases

the minimum payoff occurs when P=Z

So, maximum payoff = -1.64 + (Z-X) - 2*(Z-Y) = -1.64 + 23.4 - 2*11.7 = -$1.64

<u>iv) When the price at maturity is more than Z , all calls are executed</u>

hence, payoff = -1.64 +(P-X) -2* (P-Y) + (P-Z) = -1.64+(2Y-X-Z)

= -1.64+(Y-X -(Z-Y)) = -1.64+(11.7 - 11.70)

= -$1.64

the maximum payoff occurs when P=Y

considering the four options traded the maximum payoff = $10.06

<em>Finally determine the maximum net gain when 400 options are traded</em>

3 0

3 years ago

Employees of a hotel are short-staffed in the kitchen during a banquet event. The food will not be served on time, therefore thr

marta [7]

All of them could work together by saving time helping each other cooking and serving food

4 0

3 years ago

At the end of 2022, Carla Vista Co. has accounts receivable of $773,900 and an allowance for doubtful accounts of $63,000. On Ja

Alina [70]

The journal entries to record the March 4, 2023, transaction is: Debit Accounts receivable $5,500; Credit Allowance for doubtful accounts $5,500.

<h3>Journal entries</h3>

Carla Vista Co. Journal entries

March 4, 2023

Debit Accounts receivable $5,500

Credit Allowance for doubtful accounts $5,500

Debit Cash $5,500

Credit Accounts receivable $5,500

Therefore the journal entries to record the March 4, 2023, transaction is: Debit Accounts receivable $5,500; Credit Allowance for doubtful accounts $5,500.

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8 0

2 years ago

When a potential business owner asks, "How can I improve on this?" it is an example of _________