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lyudmila [28]
3 years ago
14

Mary visits her local shopping mall to purchase some much needed additions to her wardrobe. In selecting the items she wants to

purchase, Mary is concerned primarily with factors such as color, size, style, and price. Clothing items can best be described as __________ goods
a. qualitative
b. search
c. experience
d. credence
Business
1 answer:
Anna35 [415]3 years ago
5 0

Answer:

Search

Explanation:

A search good is a good in which it's costs can be easily determined before purchasing. It can also be described as a product that can be easily evaluated just by viewing it to determine its quality.

Clothing items fall under the category of search goods because it is easy to identify the value just by looking at its colour, style,size and shape.

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The optimal risky portfolio can be identified by finding: I. The minimum-variance point on the efficient frontier II. The maximu
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Answer:

A. III and IV only

  • The tangency point of the capital market line and the efficient frontier
  • The line with the steepest slope that connects the risk-free rate to the efficient frontier

Explanation:

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Which feature helps business address customer grievances
meriva
A customer service representative would be a feature commonly used by huge companies in addressing the customers' issues with regards to their products and services. Furthermore, customer feedback is very important because the company would have the idea on how to improve their service or product.
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3 years ago
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The term ____________________ refers to a market exchange that affects a third party who is outside or external to the exchange.
Flauer [41]

Answer: B. spillover

Explanation:

A Spillover is used to refer to the effects of an Externality which is what happens when a market exchange leads to effects on a third party that was not party to a transaction between the contracting parties.

The activities that result from the transaction spillover to the third party and can be either negative or positive. A negative spillover would be countries in Africa getting harsher global warming effects due to companies in china polluting the atmosphere.

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3 years ago
The payoff matrix represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. each seller
vazorg [7]

For the statement  "The payoff matrix represents hypothetical profits that could be earned by two milk..." and the Milky Mose table  Both will cheat Option C. This is further explained below.

<h3>What is a payoff matrix?</h3>

Generally, payoff matrix is simply defined as when one player's tactics and those of the other are represented in a table called a payoff matrix, they are listed in rows.

In conclusion, In order to get an edge, both parties will engage in dishonesty. As a result, both parties will be tempted to cheat in order to gain an unfair advantage.

The payoff matrix below represents hypothetical profits that could be earned by two milk sellers who have formed a cartel. Each seller must decide if they want to cheat or not to cheat on the production quotas in the cartel agreement. Use the payoff matrix to answer the questions below. Does either member have an incentive to cheat? Heifer's Gold will cheat, but Milky Moo will not. No, neither has an incentive to cheat, Yes, both will cheat. Milky Moo's will cheat, but Heifer's Gold will not

Read more about payoff matrix

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8 0
2 years ago
Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expec
Ket [755]

Answer:

Annual depreciation= $7,996

Explanation:

Giving the following information:

Purchase price= $42,000

Useful life= 5 years

Salvage value= $2,020

<u>To calculate the annual depreciation under the straight-line method, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (42,000 - 2,020) / 5

Annual depreciation= $7,996

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3 years ago
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