When the<span> owners of the only gambling casino in Wisconsin spend large sums of money lobbying state government officials to protect their gambling monopoly. economists will refer to these expenditures as: Rent-seeking
Rent-seeking expenditure refers to an expenditure that happened in during the effort of lobbying external party in order to gain economic favor.</span>
Answer:
The indifference point is 50,000 units.
Explanation:
Giving the following information:
Location choice I has monthly fixed costs of $100,000 and per-unit variable costs of $10. Location choice J has monthly fixed costs of $150,000 and per-unit variable costs of $9.
First, we need to determine the total cost formula for each location:
Location I:
Total cost= 100,000 + 10x
Location J:
Total cost= 150,000 + 9x
Now, to calculate the indifference point, we need to isolate X:
100,000 + 10x= 150,000 + 9x
x= 50,000 units
The indifference point is 50,000 units.
Answer: 3. Sales Promotion
Explanation: Sales Promotion is a promotion mix strategy to entice consumers to particular product. it includes the issuance of discount on selling price, contest etc.
If Kono makes a particular choice, his utility, on average, is his expected utility.
In regular language, an average is a unmarried number taken as consultant of a listing of numbers, usually the sum of the numbers divided by means of how many numbers are inside the list (the mathematics mean). for example, the average of the numbers 2, three, 4, 7, and nine (summing to 25) is five. depending at the context, a median is probably another statistic which include the median, or mode. for instance, the common private profits is often given as the median—the number below which might be 50% of personal earning and above that are 50% of personal earning—because the imply might be misleadingly excessive via consisting of non-public earning from a few billionaires.
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