Answer:
Willing to pay $3,800 for a used car.
Explanation:
Low Quality Used Car = $1000
Probability of getting low quality used car = 60%
High Quality Used Car = $8,000
Probability of getting high quality used car = 40%
Since both the low quality and high quality are used cars, we can calculate how much to pay for used car by taking weighted average of high quality and low quality used cars, and, assign weights as the probability of getting each car:
⇒(1,000 * 60%) + (8,000 * 40%)
⇒ 600 + 3,200
⇒ $3,800
The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).
<h3>What is Market Segmentation?</h3>
Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.
Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).
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Explanation:
Line m is parallel to line n.
m-
n
LOCO
5 16
74
5.3
true
What is Yom Kippur War?
The Yom Kippur War, often referred to as the Ramadan War, the October War, the 1973 Arab-Israeli War, or the Fourth Arab-Israeli War, was a military war that took place between Israel and a coalition of Arab nations commanded by Egypt and Syria from October 6 to October 25, 1973. While there was minor action in northern Israel and African Egypt, the most of the fighting between the two sides occurred in the Sinai Peninsula and the Golan Heights, both of which were conquered by Israel in 1967. Egypt's primary goal in the conflict was to gain control of the Suez Canal's eastern bank and use this position to pressure future negotiations for the restoration of the remaining Israeli-occupied Sinai Peninsula.
Learn more about Yom Kippur War with the help of given link:-
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Answer:
The correct answer is option A.
Explanation:
The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.
In this linear demand curve the lower portion will represent inelastic demand.
When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.
So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.
