Answer:
The realized gain is 0
Explanation:
The fair market value of the truck that archie gives up is $15,000 and the new truck he gets has a fair market value of $20,000. Archie also gives $5,000 in cash plus his old truck in order to buy the new truck.
Gain= Fair market value of new truck -Fair market value of old truck - Cash paid
Gain = 20,000-15,000-5,000
Gain = 0
Food Prices Rise for 4 Reasons
Grocery prices have risen 2-3% each year since 1990. There are four causes of this inflation in world food prices.
First, high gas prices prices lead to higher food prices. Food is transported great distances, especially if imported. That raises shipping costs, which translates into higher food prices. High gas prices are caused by high oil prices cause high gas prices. It usually takes about six weeks for increases in oil futures to translate to the pump.
Oil byproducts are also used to make fertilizer. That contributes 20% of the cost of raising grain. Higher oil prices increase corn, wheat, and soybean cost by 40% between 2001 and 2007.
Second, the U.S. government subsidizes corn production that is used for bio-fuels. This takes corn out of the food supply, raising prices. America now uses 40% of its corn crop to make ethanol. That's up from 6% in 2000. (Source: "Oily Food," The Economist<span> , October 10, 2015)</span>
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The answer to your question is,
A. Glittering generalities
-Mabel <3
Answer:
Answer for the question:
g (Asymmetric Cournot Duopoly) Consider a Cournot duopoly model with price function 푝푝(푄푄)= 100−푄푄, where 푄푄=푞푞1+푞푞2 is the total production quantity. Two firms have different unit product costs: 푐푐1= 20 ,푐푐2= 30. a.Write down this game in normal-form representation.b.What is Firm 1’s best response if Firm 2’s quantity is 푞푞2? What is Firm 2’s best response if Firm 1’s quantity is 푞푞1? c.Find the Nash equilibrium.
is given in the attachment.
Explanation:
Answer:
1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.
Explanation:
Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.
The process comprises of below mentioned 5 stages:
- Need recognition : whereby a need is generated
- Search for information so as to identify products satisfying such needs
- Evaluation of all available alternatives i.e assessment of all available products satisfying a need and selecting the best alternative.
- Purchases , the stage wherein the consumer buys the selected product.
- Post purchase evaluation, i.e the stage when consumer evaluates whether he made the right purchase decision.
In the given case, the consumer realized that he hadn't eaten at all during the day and thus instantly stopped at a restaurant, made a regular purchase of a burger without caring for the menu or set of other available alternatives.
Here, the investment decision related to a meal, being a low cost decision and occurring in a famished state. So consumers while making such low cost decisions may not find going through the menu and spending much time in deciding as worthwhile and in short will likely skip steps in the consumer decision making process.
