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
Mice21 [21]
3 years ago
12

A shopper infers that a product must be of high quality because the manufacturer has been in business a long time. Which heurist

ic is this an example of
Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

The Compromise effect

Explanation:

Heuristic is a  modelling that explains the two fundamental ways of processing information while making up an opinion.

Data and information can be processed diligently in order to form an opinion which is a more accurate way than the other type known as heuristics .This explains that opinions can also be formed based on just a mere perception of issues or based on the opinion of other people or experts , which in most cases may not give a true representation of the situation at hand.

However , it forms a part of human daily activities and can also be useful in forming the required opinions in the course of daily activities.

One of the effect as seen in the question is bias attitudes or the compromise effect.

You might be interested in
Define communism. What is the difference between communism and a command economy?
Alex Ar [27]

Answer:

In a true communist economy, the community makes decisions. In most communist countries, the government makes those decisions on their behalf. This system is called a command economy.

5 0
3 years ago
Assuming P≥0, suppose that a population develops according to the logistic equation ????P/????????=0.07P−0.00014P2 where ???? is
Natasha2012 [34]

Answer:

A complete description of the problem and solutions to each point are given below.

Explanation:

The Logistic Growth model of a population is defined as follows:

                                   dP/dt = kP (1 - P/M) (1)

Where:

dP/dt is the population growth rate.

k is the maximal individual growth rate for a given population

P is the number of individual in the population

M= carrying capacity of the population.

In the problem this first order derivative ecuation is given by

                               dP/dt= 0,07P - 0,00014P² (2)

So, we can factorize ecuation (1) and compare it with (2) to find the carryng capacity and k value (questions 1 and 2).

                                        kP (1 - P/M) = 0,07P - 0,00014P²

                                        kP - (k/M)P² = 0,07P - 0,00014P²

Here kP = 0,07P ⇒ k = 0,07 (answer to question 2)

Then, (k/M)P² = 0,00014P²⇒ (k/M) = 0,00014 and given that k= 0,07

⇒ 0,07/M = 0,00014 ⇒ M = 0,07/0,00014 ⇒ M=500 (answer to question 1)

Finally to find for which values of P is the population increasing/decreasing, we have to find the values at which dP/dt is zero. Analyzing the equation as a quadratic function (applying Baskara´s equation) we find that the values at which dP/dt is zero are P= 0 and P = -1.

x = [-0,07 ± √(0,07²)]/ 0,14 ⇒ x=  [-0,07 ± 0,07)]/ 0,14 ⇒ x = 0 and x= -1.

Then the vertex here is P = -0,5.

Now we can state that for P greater than - 0,5 the population is decreasimg (question 4), while for values from -∞ to - 0,5 the population is increasing (question 3).

Summarizing, given the first order derivative, the carrying capacity of the population is 500, the value of k is 0,07, the values of P for which dP/dt is positive (incresing population) are those comprised in the range (-∞, -0,5) and those for which the population is decreasing are (-0,5,∞).

3 0
3 years ago
When two or more individuals come together to form a partnership, the assets that they bring with them into the partnership may
DerKrebs [107]

Answer:

when people come together they are gay gay gay gay gay gay gay boi you gay too.

Explanation:

3 0
3 years ago
Chris and Jane have recently financed the purchase of a new home. They have signed a mortgage note in the amount of $250,000 wit
Vadim26 [7]

Answer:

Chris and Jane

The difference in their monthly payment if they had signed this same note for only a 15-year period is:

= $8,346.57.

Explanation:

Mortgage Note Payable = $250,000

Fixed interest rate = 6.25%

Period of the note = 30 years or 15 years

Difference in monthly payment:

30-year period = $9,022.96

15-year period = $17,369.53

Difference =        $8,346.57

b) The computations show that Chris and Jane pay more per month on a 15-year period mortgage than on a 30-year period mortgage.  However, the total interest is more with a 30-year period than with a 15-year period.  This shows that interest expense increases more with longer periods of debt.

From an online financial calculator:

N (# of periods)  30

I/Y (Interest per year)  6.25

PV (Present Value)  250000

FV (Future Value)  0

 

Results

PMT = $9,022.96

Sum of all periodic payments = $270,688.83

Total Interest = $20,688.83

N (# of periods)  15

I/Y (Interest per year)  6.25

PV (Present Value)  250000

FV (Future Value)  0

Results

PMT = $17,369.53

Sum of all periodic payments = $260,542.92

Total Interest = $10,542.92

3 0
3 years ago
On March 1, 2022, Blossom Company acquired real estate, on which it planned to construct a small office building, by paying $86,
Korvikt [17]

Answer:

Cost of The Land = $86,000 + $9,400 - $1,940 + $1,440 + $5,100

        = $100,000

Therefore, Cost of The Land is $100,000.

Explanation:

cost of constructing the building = $86,000

cost of demolishing old warehouse = $9,400

cost of salvaged materials = $1,440

Additional expenditures:

Attorney's fee = $5,100

Architects's fee = $8,940

Driveways and parking lot fee = $15,200

3 0
3 years ago
Read 2 more answers
Other questions:
  • July Company currently outsources a relay switch that is a component in one of its products. The switches cost $20 each. The com
    13·1 answer
  • Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
    15·1 answer
  • Harry owns a Cadillac and a Porsche. Ryan has always wanted a Porsche and knows Harry owns one. Harry decides to sell his Cadill
    13·1 answer
  • A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore
    11·1 answer
  • which tool would the government most likely employ during a period of inflation to stabilize the economy ?
    8·1 answer
  • What do I put at the end of a brochure
    12·2 answers
  • The Reynolds Corporation buys from its suppliers on terms of 3/13, net 35. Reynolds has not been utilizing the discounts offered
    7·1 answer
  • Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on
    6·1 answer
  • Marginal revenue product is the
    13·2 answers
  • Which one of the following groups of accounts only have debit balances
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!