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
algol13
4 years ago
7

Every person I have ever met says their favorite pizza is pepperoni pizza. Therefore, I can assume that everyone I ever meet wil

l likely say their favorite pizza is pepperoni pizza. What form of reasoning am I using
Business
1 answer:
oksano4ka [1.4K]4 years ago
4 0

Answer:

Inductive reasoning

Explanation:

This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.

In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.

You might be interested in
A monopoly is considering selling several units of a homogeneous product as a single package. a typical consumer's demand for th
just olya [345]

Answer:

A. 15 units

B. $130

Explanation:

In order to solve this, we need to use the profit maximization condition for monopoly.

MR = MC will give us the optimal quantity and price for the monopolist.

The consumer's demand for the product is:

Qd = 80 - 0.5P

Therefore, we have:

P = (80 / 0.5) - (Qd / 0.5)

P = 160 - 2Qd

Recall that, Total Revenue:

TR = P * Q

So, in this case TR = 160Q - 2Q^2

MR = d(TR) / dQ = 160 - 4Q

Now, MR = MC

160 - 4Q = 100

4Q = 160 - 100

4Q = 60

Q = 60 / 4

Q = 15 units.

Now, P =160 - 2Q

P = 160 - 2(15)

P = 160 - 30 = 130

The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.

7 0
3 years ago
How to disable recruiting in NCAA 13
Lorico [155]
Just reset your computer
8 0
4 years ago
Monopolistic competition resembles pure competition because:
OleMash [197]

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

7 0
3 years ago
Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
ladessa [460]

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

6 0
3 years ago
Cash Payback Period for a Service Company Prime Financial Inc. is evaluating two capital investment proposals for a drive-up ATM
sashaice [31]

Answer:

Location 1 = 5 years

Location 2  = 4 years

Explanation:

The period in which initial investment is recovered by a business is known as payapack period.

Location 1

Net cash flow = $320,000

Cash Flow per year = $320,000 / 8 = $40,000

Payback period = Initial Investment / Yearly cash flow = $200,000 / $40,000 per year = 5 years

Location 2

As per given Data

Cash Flows

Year1 $60,000    Year2 $50,000

Year3 $50,000     Year4 $40,000

Year5 $30,000    Year6 $30,000

Year7 $30,000    Year8 $30,000

Payback period                  Balance      

Year0 ($200,000)            ($200,000)    

Year1 $60,000                  ($140,000)

Year2 $50,000                 ($90,000)

Year3 $50,000                  ($40,000)

Year4 $40,000                     ($0)

It took 4 year to recoveer the initial investment, so the payaback period is 4 years.

4 0
3 years ago
Other questions:
  • The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en
    11·2 answers
  • Departmentalizing decisions increases the risk of __________ leading to a poor decision.
    13·2 answers
  • A group of employees in American Game Technology Inc., a manufacturer of gaming machines, got together to arrange a paper recycl
    9·1 answer
  • Investing is best for
    9·1 answer
  • The campus bookstore sells a campus mug for ​$10. When you buy a second campus mug​, ​however, its price is only ​$6. How does t
    14·1 answer
  • Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $600, but this week it is on sale for $490. She
    11·1 answer
  • Todd Harris and Associates, a New York sales promotion agency, discovered from an analysis of its files that one-quarter (or 25
    9·1 answer
  • In the​ swim-lane format of a business process​ model, all​ _______ for a role are included in that​ role's swim-lane.
    9·1 answer
  • Products are winnowed out as they make their way down the path from conception to consumption, a process called ________.
    15·1 answer
  • Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the fir
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!