Answer:
Positioning refers to the place that a brand occupies in the minds of the customers and how it is distinguished from the products of the competitors and different from the concept of brand awareness.
Answer: Starbucks Coffee is a 'normal good', while Beanlightened coffee is an 'inferior good'.
Andrew's demand for Starbucks coffee changed as a result of an increase in his 'income'
Explanation:
A normal good is a good that sees it's demand rise as income or wages rise. Essentially if you're making more money, you buy more of such goods. Andrew is now making more money so he buys more of Starbucks coffee.
An inferior good on the other hand is one that sees it's demand drop as wages or income rises. You usually buy less of it the more money you make. Take no brand cornflakes for instance, as one makes more money they tend to buy less of it and more of branded cornflakes. Beanlightened coffee is therefore an inferior good.
Income is compensation you get for providing a service. In this instance Andrew receives $75000 a year for being a programmer.
Answer:
a) Future Value = $530
b) Future Value = $561.8
c) Present Value =$566.037
d) Present Value =$533.99
Explanation:
FV = PV × (1+r)^n
FV -future Value , r- interest rate,n- number of years , PV-present Value
FV = 500 ×(1.06)^1 =
Future Value = $530
b
FV = 500 × 1.06^2 =
Future Value = $561.8
c) Present Value
PV = FV × (1+r)^(-n)
PV = 600 ×1.06^(-1)=566.037
Present Value =$566.037
d)
PV = FV × (1+r)^(-n)
FV -future Value , r- interest rate,n- number of years , PV-present Value
PV = 600 ×1.06^(-2) = 533.99
Present Value =$533.99
a) Future Value = $530
b) Future Value = $561.8
c) Present Value =$566.037
d) Present Value =$533.99
Answer:
bachelors degree
Explanation:
just answered this on my test and got correct.
Answer:
Option (c) 8
Explanation:
Data provided in the question:
Marginal rate of technical substitution of hours of labor for hours of capital, RTS = 0.8
Number of units of labor chosen = 5
Number of units of capital chosen = 8
Marginal product of capital = 10 televisions per hour
Now,
RTS = [ Marginal product of labor ] ÷ [ Marginal product of capital ]
0.8 = Marginal product of labor ÷ 10
or
Marginal product of labor = 8
Hence,
Option (c) 8
