Answer:
a. are efficient, but long lines are inefficient
Explanation:
A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.
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Answer:
trialability
Explanation:
trialability is the strategy used to try to increase the diffusion of new format using the service
Answer:
B.stays with you for life.
Answer:
increase his consumption of product Y and decrease his consumption of product X
Explanation:
Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.
The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.
Answer:
Resource View
Explanation:
A resource view or resource-based view is a strategic tool, hence its use by managers. It is bascially employed by management for the assessment of an organisation's strategic resources or assets in order to enhance the efficient and effective use of all available resources to maximize competitive advantage.
Some refer to the Resource Based View (RBV) as a managerial framework specifically employed to strategically maximize resource use for sustained advantage over competitors.
