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Keith_Richards [23]
3 years ago
12

A restaurant sells three wines at $30, $40, and $50 per bottle. When it adds another wine to the list at a price of $22, the sal

es of the $30 wine increase by 50%. This is an example of (A) a context effect; (B) risk aversion; (C) self-control problems; (D) randomization.
Business
1 answer:
valentinak56 [21]3 years ago
5 0

Answer:

Option (A) A context effect

Explanation:

A context effect is a psychological effect in which the choices are influenced by the surrounding environmental conditions.

Here in the given question the addition of $22 wine bottled in the list influenced the customers perception as they may have started to feel that $30 is better and economic option and its price is near to the cheapest wine.

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On a standard monopoly board, which square is diagonally opposite 'go'?
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On the standard Monopoly board free parking is diagonally opposite of ‘go’.
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3 years ago
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A special repair to a machine will extend the life of the machine an additional four years beyond the original estimated life of
Bumek [7]

Answer:

C. A capital expenditure.

Explanation:

This is an example of a capital expenditure as it makes significant improvements to the machines and extends the life considerably.

These types of expenses are capitalized in the balance sheets under the original asset name and the asset is revalued by the improvement cost and stated at net book value + improvement.

Revised depreciation is then calculated on this new NBV as applicable with increased life of asset.

Hope that helps.

6 0
3 years ago
If the supply of person-hours in this market shifts to the right, then the equilibrium wage will ______ and the equilibrium numb
abruzzese [7]

If the supply of person-hours in the market shifts to the right, then the equilibrium wage will <u>fall</u> and the number of person-hours will <u>increase</u>.

The equilibrium wage price is at the intersection of the supply and demand for labor. Personnel is hired as much as the factor where the extra value of hiring an employee Is equal to the extra income revenue from selling their output.

Labor market Equilibrium, the actual salary, and the equilibrium quantity of exertions traded are decided by the intersection of labor supply and labor call for. on the equilibrium actual wage, the amount of hard work provided equals the quantity of labor demanded.

A person's labor supply curve marks out the number of hours they are willing to work at one-of-a-kind wages, the equal manner that a vendor's supply curve marks out how a great deal they are inclined to promote at exceptional costs.

Learn more about the supply curve here brainly.com/question/11717727

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4 0
1 year ago
Nothing nothing nothing
Bingel [31]

Answer:

woah nothing indeed lol

7 0
3 years ago
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Like many other marketing strategy specialists, Mike relies heavily on creativity and originality. Members of his team are selec
damaskus [11]

Answer:

<u>Brainstorming.</u>

Explanation:

The situation exposed in the question above is an example of brainstorming, which can be defined as a group dynamics technique where there is the generation of ideas for a given project.

This activity is developed with the main objective of exploring the creative and innovative capacity of an individual or a group, stimulating the team's creativity, collecting ideas and the maximum amount of information, visions and possibilities in order to achieve a determined objective.

8 0
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