Answer:
A. Increasing Marginal Utility B. Yes, John will spend
Explanation:
Total Utility is the total satisfaction from all units of consumption
Marginal Utility is additional satisfaction from an additional consumption unit.
Coca Cola TU MU
1 10 10
2 25 15 (25-10)
3 50 25 (25-15)
John's Marginal Utility is increasing each time in succeeding unit over its preceding unit.
b. John having $3, price of a coke = $1: will be willing to spend 1st 2nd & 3rd dollar on coke consumption because - its gainful for him (MU > P) each time.
<u>Full question:</u>
Justin Franklin's company is interested in locating areas where the average income is high, the average age range is 25-35 years, and the lifestyles of the people involve extreme adventures and dangerous leisure activities. His company would most likely find possible markets through:
A)U.S.Census Bureau information.
B)geographic segmentation variables.
C)geodemographic segmentation.
D)climate information.
E)psychographic segmentation.
<u>Answer:</u>
His company would most likely find possible markets through: geodemographic segmentation
<u>Explanation:</u>
Geodemographics is the knowledge of the population and its features, classified according to areas on a geographical base. In the area of marketing, geodemographics can be of tremendous significance in market segmentation. Following the before-mentioned segmentation, the predominance and choice of each group can be circumscribed.
Among these, the great choice areas can then be recognized and finally targeted for retailing and sale. Geodemography is practiced in retailing to examine survey data of a distinct geographical area and profile the demographic components of the people living there.
Answer:
The Federal Reserve has been at times biased in favor of the financial industry, because they have often put inflation targeting above the need to reduce unemployment when executing monetary policy. Besides, the financial industry has often been rescued by massive loans from the Fed.
However, the Federal Reserve has also acted in favor of reducing unemployment, specially during recessions, by expanding the money supply through a policy known as quantitative easing.
In conclusion, we can say that the Fed tends to be biased in favor of the financial industry, but not at all times.
When Martie engages a person in conversation to find out for himself if the potential exists for a rewarding relationship, he is engaging a CONVERSATIONAL PRINCIPLES.
Conversational principle or Cooperative principle describes how people interact towards one another while having a conversation.
Flo
and
The Allstate man<span>, Dennis Haysbert</span>