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iren2701 [21]
2 years ago
7

What is a defining characteristic of Homo economicus? A. He often gambles for large but unlikely rewards B. He will buy a good e

xpecting to sell it for higher price C. He changes his decisions base on context D. He desires to maximize gains and minimize losses
Business
1 answer:
sladkih [1.3K]2 years ago
3 0

Answer:

Letter D is correct. <u> He desires to maximize gains and minimize losses.</u>

Explanation:

Homo economicus has as its central characteristic the rationality with which it makes its decisions. Through rational choice theory he is able to analyze situations where he can maximize perceived benefits and mitigate risks, through a systemic and fully rational process he is able to analyze available information that will determine possible short and long term gains and risks. term, and make your decision based on the possibility that will most attract rewards.

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A commercial cleaning company spends an average of $500 per year, per customer, in supplies, wages, and account maintenance. An
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Answer:

$1,250

Explanation:

Calculation for what is the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation

Using this formula

Customer lifetime value (CLV) = r / (1 + i - r)

Let plug in the formula for

Customer lifetime value (CLV) = 0.8 / (1 + 0.12 - 0.8)

Customer lifetime value (CLV) = 2.5

Customer lifetime value (CLV) =($1,000-$5,00)× 2.5

Customer lifetime value (CLV) = $500 x 2.5

Customer lifetime value (CLV) = $1,250

Therefore the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation will be $1,250

5 0
3 years ago
A new restaurant has introduced a wildly popular macaroni and cheese dish made with goat cheese. however, at approximately the s
bixtya [17]

How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.

7 0
3 years ago
Read 2 more answers
Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento
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Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

7 0
2 years ago
How do you know if you would qualify for a degree, diploma or certificate ?
Alex73 [517]
<span> Bachelors, Diploma and Higher Certificate Pass Requirements Explained Written by howtopassmatric on October 20, 2015 <span> · 124 Comments</span> </span>

We often get asked to check if learner (Insert your name) will or will not pass with a bachelors, diploma or certificate.


5 0
3 years ago
Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
ELEN [110]

Answer:

The correct answer is $2,610.

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the the direct labor cost by using following formula:-

Direct labor hour required= Estimated production × Direct labor hour

= 870 × 1÷4 =217.5 hours

Direct labor cost = Direct required labor hour × Rate of labor per hour

= 217.5 hours × $12

= $2,610

According to the analysis, $2,610 is the total amount to be budgeted for direct labor.

4 0
3 years ago
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