1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kaylis [27]
3 years ago
9

In making rational choices, which of the following is true? We respond to marginal benefits and marginal costs. We do not have t

o account for changes in marginal cost. We do not have to account for changes in marginal benefits. We have to consider both marginal costs and sunk costs. Incentives do not matter.
Business
1 answer:
Marat540 [252]3 years ago
8 0

Answer:

The correct answer is letter "A": We respond to marginal benefits and marginal costs.

Explanation:

Economists make assumptions about markets based on the belief individuals take rational choices. This implies people take prudent and logical decisions that yield the most benefits. In other words, it is implicit that individuals always analyze the marginal benefit and cost of a decision before they take it.

You might be interested in
Lysol sanitizing wipes entered the market at a low sales price and was supported by heavy couponing. As the initial trial period
sergij07 [2.7K]

Answer:

True

Explanation:

Penetration pricing represents a marketing strategy employed by organisations with the goal of attracting customers to new products or services. These products or services are often offered at lower prices specifically to encourage people to test them and thus bring their awareness to the market, in other words, penetrate the market.

At times penetration pricing is not only used to acquaint consumers to a product, it is also used to thin out a competitor's customer base. Specifically, low prices and as stated in the question heavy couponing are strategies that are used to attract a wide number and range of customers to a product.

Lysol  therefore, used penetration pricing  based on low sales price and heavy couponing to attract consumers to its sanitizing wipes and when a satisfactory result had been achieved, the pricing rose and the couponing reduced. However, the consumer base is already established.

3 0
3 years ago
Read 2 more answers
Based on what you learned in The Power of the Informal Economy video, what is the informal economy and how many people in the wo
frosja888 [35]

Answer:

1.8 billion people are employed in System D.

Explanation:

System D is a large informal economy. It is an open economic arena where everything is available. Though it is very large, it doesn’t include two-thirds of the workers in the world. The people who are a part of System D are about 1.8 billion people in the world. The economy is worth $10 trillion per year.

In informal economy varied set of economic activities happen. The enterprises, jobs and workers are not regulated or protected by the state. It is basically mean self-employment in small enterprises.

Yes, United States has an informal economy. Government does not tax or monitor the black market and market of illegal drugs.

5 0
3 years ago
Why does supply decrease when the price<br> of resources increases?
krek1111 [17]

Answer:

see below

Explanation:

Resources are the ( inputs) materials used in the production of goods meant for sale. The cost of inputs has a direct impact on the price of the finished goods(output).  An increase in the cost of inputs increases the cost of production. An increase in production cost increases without a corresponding rise in the selling price means that the profits margin per unit will decline.

Suppliers are motivated to sell or deliver more quantities in the market by profit prospects. An increase in the costs of inputs decreases profit margins. Reduced profits margin result in suppliers supplying reduced quantities in the markets.

4 0
3 years ago
In 2003, several investment banking firms were fined $1.4 billion for ethics abuse related to the underwriting process. will thi
Mkey [24]
This can be a deterrent for engaging in practices that are ethically wrong during underwriting process.
Knowing that they could be fined large amount of money if found to be engaging in acts that ethically incorrect will serves to discourage investment banking firms from such acts.<span />
3 0
3 years ago
Godfrey Corporation holds, as a long-term investment available-for-sale securities costing $69,000. At December 31, 2017, the fa
kodGreya [7K]

Answer:

Godfrey Corporation

GOLDFREY CORPORATION

Balance Sheet (Partial)

December 31, 2017

Noncurrent assets:

Investments:

Investment In Stock, at fair value  $64,100

Stockholders' Equity:

Common stock

Retained earnings

Less :

Unrealized loss  $4,900

Explanation:

a) Data and Calculations:

Long-term investment available for sale:

Cost =               $69,000

Fair value             64,100

Unrealized loss  $4,900

b) The correct entry would have been to reduce the net income by the unrealized loss.  However, for simplicity, this is showed as a reduction of the Retained Earnings in the balance sheet.

5 0
3 years ago
Other questions:
  • If your company’s product is dry soup mixes and canned soups, would a multidomestic strategy, a transnational strategy, or a glo
    13·1 answer
  • The threat of substitutes is the most significant force in the _____ industry structure introductory decline growth mature
    11·1 answer
  • Product mix width refers to the ________. A) number of versions offered for each product in the line B) ways in which the variou
    8·1 answer
  • Expected monetary value (EMV) is:________.a. the average or expected value of the decision if you knew what would happen ahead o
    5·1 answer
  • Calculate the predetermined overhead rate per direct labor hour if the average direct labor rate is $12.21 per hour. 2. Determin
    10·1 answer
  • 8. A company manufactures two products X and Y. Each product has to be processed in three departments: welding, assembly and pai
    10·1 answer
  • Which of the following reflects the effect of the year-end adjusting entry to record estimated uncollectible accounts expense us
    14·1 answer
  • The change in the quantity of a good, service, or resource that consumers, firms, and governments are willing and able to buy du
    5·1 answer
  • Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
    12·1 answer
  • joel is upset as he reads an email message from his supervisor. when he discusses the message with a coworker he distorts what t
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!