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TiliK225 [7]
2 years ago
12

The rationality assumption as used in economicsA. is widely accepted by other social science disciplines as well.B. states that

people respond to incentives.C. has been proven by experimental analysis.D. presumes that everyone can perform sound logical analysis at all times.
Business
1 answer:
NNADVOKAT [17]2 years ago
5 0

Answer:

(D) presumes that everyone can perform sound logical analysis at all times

Explanation:

Economics assumes that everyone is rational and will always choose an option that yields the highest utility in all cases. This accounts for the term "the rational human being" in Economics.

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∆DEF, FE=5 and angle D=43
shtirl [24]

The side FE is opposite to the angle <D in the right triangle ∆DEF while DE is the adjacent side.


Thus, FE / DE = tan<D and DE = FE cot<D = 5 / tan 43° = 5/0.93 = 5.4 and the answer is B.

6 0
3 years ago
The first group marketers try to bring their new products to the attention to are potential​ __________.
nika2105 [10]
The first group marketers try to bring their new products to the attention to are potential​ innovators. The innovators are individuals or group of people who are  willing to try new products and ideas. Innovators bring new ideas, new devices or new methods on the market that will meet user's requirements and needs. 
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3 years ago
3-D-T has developed a printer that will "print" t-shirts and other simple articles of clothing on demand. In order to let custom
horsena [70]

Answer:

In order to let customers know about this product, an advertising campaign should emphasize on marketing.

Explanation:

Marketing is a tool that can be used to reach more people and also offer better services at a good price at the same time. For marketing to work effectively for your product, one has to utilize effective marketing strategies as follows;

  • Conduct proper research on the target audience; the target audience is the potential customers that this product is to be sold to. Adequate and proper research on the target audience is necessary to determine their preferences in terms of product quality, price and product accessibility. Other preferences can also be determined depending on the scope of the research
  • Create a blog or website for your product; blogs or websites can be created to provide information about your product online. This means that anyone who has access to a computer or a smart phone with good internet can easily get information about your products and possibly buy.
  • Market your product through social media; social media has become a global market due to the huge number of social media users. One can simply create a social media account, and connect with a number of potential customers. The campaign team can even decide take sample pictures of the shirts and share them to potential customers. The team will also need to include additional information concerning the product.
  • Offer discounts; everyone loves to pay less for a product. So a carefully determined discount can attract more customers to the product since a lower price will attract additional customers that maybe could not afford the product prior to the discount.

All these marketing strategies if well implemented can take a business a long way in terms of sales.

5 0
3 years ago
A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction
PtichkaEL [24]

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

8 0
2 years ago
Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputa
11Alexandr11 [23.1K]

Nordstrom, an upscale department store, has a well-known reputation for going the extra mile to serve its customers. This reputation for excellent customer service will most likely result in a sustainable competitive advantage.

<h3><u>Explanation:</u></h3>

When a firm offers its customers with any products that has higher quality and benefits or lower price that its competitors then it refer to the competitive advantage. It is the advantage that the firm attains when compared with their competitors.

There are many different kinds of competitive advantage that can be used by a firm such as cost, product differentiation, niche strategies, etc. It is the thing that is absent in the competitors. In the given example, Nordstrom has well known reputation for the service that it gives for its customers and hence it is the likely result of sustainable competitive advantage.

7 0
3 years ago
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