Answer:
The transaction costs associated with this exchange are $155
Explanation:
The computation of the transaction cost which is associated with this exchange is shown below:
= Ad charges in the newspaper + law firm write up charges
= $60 + $95
= $155
It includes various cost like - transportation cost, legal fees, communication charges, etc.
The installation of Beth's new roof is not considered in the computation part because it is not an exchange transaction cost. So, this cost is ignored.
Answer:
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Explanation:
Answer:
Countries have a comparative advantage in production when they can produce a good or service at a lower opportunity cost than other producers.
Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.
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What is decoy pricing?</u></h3>
A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.
The attraction effect and the compromise effect are the two distinct effects on which the decoy pricing strategy is predicated.
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Learn more about pricing tactics with the help of the given link:
brainly.com/question/25716956?referrer=searchResults
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A. The Occupational Outlook Handbook
