Answer: evoked set
Explanation:
In simple words, evoked set refers to the collection of brands that initially comes in the mind of the consumer when he or she is willing to buy a product in market. These are the brands that are of high significance to the customer and that individual customer completely trust such brand.
Every producer in the market wants to be in the evoked set of the consumer as there is a high probability that customer will choose to buy their willing commodity form such a set. However, positioning in evoked set cannot be marked quickly as it depends on various factors such as duration, quality and price etc.
Answer:
Total production cost is $43,900.
Explanation:
Total production cost refers to the addition of the direct materials, labor costs, and manufacturing overhead costs that are directly related to the production of a good.
From the question, total production cost can be calculated as follows:
Total production cost = Purchases of merchandise + Freight-in = $40,000 + $3,900 = $43,900
Therefore, total production cost is $43,900.
payments that must be received by resource owners to insure the resources' continued supply
Answer: The income effect
Explanation: The income effect refers to the effect on the purchasing power of the consumer when his or her income level changes.
In the given case, Natalie was price conscious and used to buy lower priced goods with the objective of saving money. When her income rises she starts buying expensive goods as her purchasing power increases with increase in income.
Hence from the above we can conclude that the correct option is A.
Answer:
A general loss of confidence in the stock market occurred.
Explanation:
The Stock Market Crash of 1929 started on October 24th, 1929. It took a span of four days and it is also considered the worst crash in American history. Letter B is incorrect because bankers did take a step by putting their money on the table to try to fix the crisis. Stockbrokers did have an implication in the Crash, but it was more related to the fact that they were not experts in situations like that one. However, the four day-span made people lose confidence in the stock market, showing them that the high rates would not last for ever, as said by Irving Fisher, sometime before the Crash.