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Kamila [148]
2 years ago
5

John has very little knowledge of cheese and seldom buys it for personal use. However, when he is invited to dinner by a friend,

a self-confessed cheese lover, John feels obligated to buy cheese for him. When he returns home after dinner, John finds that the "Stilton cheese" he randomly chose and bought is displayed on the calendar in his kitchen. Which of the following is most likely to account for John’s choice of cheese?
a. Mere exposure effect
b. Just meaningful difference
c. Selective distortion
d. Selective exposure
Business
1 answer:
IRISSAK [1]2 years ago
8 0

Answer:

a. Mere exposure effect

Explanation:

Mere exposure effect

It is a psychological phenomenon due to which people tends to develop some preference for particular things , simply because they seems to be similar to themselves .

Hence , this effect is sometimes also called as the familiarity principle .

And according to recent study , more often someone sees the thing or even a person , the more pleasing the thing or the person becomes .

Hence , from the question information , John shows a Mere exposure effect .

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Answer:

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Explanation:

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8 0
3 years ago
If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of pr
FrozenT [24]

Answer:

4 million  houses

Explanation:

Opportunity cost is the forfeited benefit as a result of choosing one option over others.  Its value equals the cost of the next best alternative.

The cost of constructing a new home is $150,000.  If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.

To calculate the number of units= $600 billion divided by $150,000

= $600,000,000,000/ $150,000

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=4 million units

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3 years ago
You are the marketing officer for either a large hotel or a car dealer. Produce a report for
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2 years ago
Help need ASAP!
densk [106]

Answer:

C. Trademark

Explanation:

.

3 0
3 years ago
When marginal cost exceeds average total cost:
gtnhenbr [62]

Answer:

B) average total cost must be rising

Explanation:

Marginal cost is the rate at which total variable cost increases when one more unit is produces.

So when marginal cost is larger than average cost, it means that total average costs must be increasing.

For example, we have the following production costs:

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If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).

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3 years ago
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