Answer:
Irrational decision
Explanation:
Irrational decisions refer to those decisions which are not taken after enough deliberation, ignore the rationale, facts and logic, are rather decided out of whim and impulse and usually instantly decided.
In the given case, Joe was not willing to pay more than $500 cash yet eventually ended up paying $600. Even if the $25 gift card is considered, he ended up paying $575 which is more than he had decided to pay.
The choice of the consumer here is not rational or rather irrational since, he without considering other alternatives or exercise of judgement, without evaluating his costs, impulsively opted for the credit card lured by $25 gift card.
As per the economic theory, Joe's decision would be referred to as irrational.
<em><u>gente</u></em><em><u> </u></em><em><u>não</u></em><em><u> </u></em><em><u>tem</u></em><em><u> </u></em><em><u>que</u></em><em><u> </u></em><em><u>fazer</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em><em><u>prova</u></em><em><u> </u></em><em><u>de</u></em><em><u> </u></em><em><u>amanhã</u></em><em><u> </u></em><em><u>de</u></em><em><u> </u></em><em><u>manha</u></em><em><u> </u></em><em><u>cedo</u></em><em><u> </u></em><em><u>né</u></em><em><u> </u></em><em><u>e</u></em><em><u> </u></em><em><u>a</u></em><em><u> </u></em>
Answer:
C. $2,018.00.
Explanation:
The computation of the lower cost or market value is shown below:
For Jelly
= 150 units × $2 per unit
= $300
For Jam
= 370 units $2.50
= $925
And, for Marmalade
= 260 units × $3.05
= $793
So, the total inventory is
= $300 + $925 + $793
= $2,018
It is come by multiplying the quantity of each one by its lower cost or market value per unit
Answer:
b. would leave the market first if the price were any lower.
Explanation:
In the market, the producer always sells more than the economic cost ( raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit ( producer surplus) i.e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.
Answer:
The total investment in the economy is $50 million
Explanation:
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
Using this formula we can determine the amount of investment.
Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.