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Anit [1.1K]
3 years ago
15

From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have

concluded that the
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
7 0

Answer:

the marginal cost of waiting is greater than the marginal benefit

Explanation:

Marginal cost is the additional cost as a result of carrying out a particular activity.

Marginal benefit is the additional benefits that accrue to an individual for carrying out an activity

It is assumed that human beings are rational, utility maximisers. They would not continue to carry out an activity if the marginal cost is greater than the benefit

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Whenever Josh goes to his favorite restaurant, he wants to buy tiramisu, his favorite dessert. Despite the fact that he would en
Daniel [21]

Answer:

Framing effects.

Explanation:

Framing effect in psychology is the cognitive bias whereby an individual makes decisions based more on the information presented than on one's own choice. In other words, when someone makes a decision that is influenced more by the effects of the information on others than on one's own opinions.

In the given scenario, Josh's decision to have tiramisu only when others are having dessert and not if he would be the only one having dessert is affected by the framing effect. This is because his decision is influenced by the way others behave rather than his desire to eat even his favorite dessert.

Thus, the correct answer is the framing effect.

4 0
3 years ago
Park Hyatt Philadelphia has 118 king/queen rooms that it offers to both leisure and business travelers. With leisure travelers i
aleksandr82 [10.1K]

Answer:

c. >60

Explanation:

Given that:

Overage (CO) = 125

Shortage (CS) = 300

The Service level = \dfrac{CS}{CS+CO}

=\dfrac{300}{300+125}

=\dfrac{300}{425}

= 0.7059

The Z value of 0.7059 is 0.55

where;

the mean \mu = 60

the standard deviation \sigma= 20

Optimal booking = \mu +(Z \times \sigma)

Optimal booking = 60 + (0.55 × 20)

Optimal booking = 60 + 11

Optimal booking = 71

8 0
3 years ago
Many jobs have been replaced because of new _____.
saveliy_v [14]
The answer is technology
6 0
3 years ago
Read 2 more answers
Marshall Officer is a stockholder in Endrun Investments, which is organized as a C Corporation. Endrun recently lost a major cou
Neko [114]

Answer:

B) lose their investment but nothing else.

Explanation:

When a company becomes bankrupt and its assets were unable to settle it's obligations as is the case of Endrum Investments, the shareholders lose the value they had in their shares.

A C corporation is one in which the business is a seperate entity from the shareholders. The shareholders are not liable for any action taken against the company.

In this instance since the shares are the assets of the company, they will be liquidated to settle the damages awarded in court. Shareholders are not liable for the extra debt owed by the business.

7 0
3 years ago
A municipal bond is purchased at a discount. Over the course of the life of the bond, the book value is increased while the cust
jasenka [17]

Answer:

C) This is referred to as accretion of the security.

Explanation:

The security is amortized when the principal and interest is employed in paying down the debt.

6 0
3 years ago
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