Answer:
(C) Joss should charge Iris $500 and Daphne $800, that way economic surplus is maximized.
Explanation:
Assuming information asymmetries in the market, and Iris and Daphne are incapable of compare their willingness to pay against the average price of the market for this type of service, C is true since Joss maximize the economic surplus by increasing his productivity using the time better than his opportunity cost.
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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.
Answer:
Shortage
Explanation:
I got it correct because I watched the given recording.
Global market segmentation has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buying behavior.
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Explanation:</u></h3>
The process involved in the identification of a particular segment of customers to sell the products refers to the Global Market Segmentation. Those customers of the groups that has the nature of similar behavior in buying of certain products will be grouped together under this process.
The people in the identified group will have the same purchasing behavior. Thus, when the customers of similar buying behaviors are grouped then the targeting process of the business will become easier. Fir example if you are manufacturing chocolates then it will be easier to target on;ly children and the adults.