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Anna11 [10]
3 years ago
8

A hamburger stand near the local mall sells hamburgers for $3.99, drinks for $1.99, and fries for $1.49, while a gourmet restaur

ant nearby sells entrees for $20, $30, and $45. Both of these restaurants are using ________.
Business
2 answers:
saveliy_v [14]3 years ago
8 0

Answer:

Psychological pricing

Explanation:

Psychological pricing is the pricing method that is based on the belief that prices always have psychological effects. Pricing are purposely done in a way to appeal to customers emotion , To achieve this , a common pattern is always employed in the pricing system . It could either be the use of odd numbers for prices or a rhyme decimal figure.

Using two decimal figures and whole numbers by the two stores is an example of psychological pricing system

wel3 years ago
5 0

Answer:

Psychological pricing

Explanation:

Psychological pricing also known as price ending, charm pricing is a pricing and marketing strategy based on the theory that prices produces a psychological impact. This involves setting prices as odd prices being a little less than a whole number such as $9.99 or £2.99. It is believed that consumers think that this prices are lower than they actually are.

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Assume that Germany and China can produce beer and cloth. If the MPLc/MPLb for Germany is 2/5 and the MPLc/MPLb for China is 1,
elena55 [62]

Answer: c. specialize in producing beer and export beer.

Explanation:

As per the Theory of Competitive Advantage posited by David Ricardo, a country should specialize in the good that it has a competitive advantage in. A country has a competitive advantage if it incurs a less opportunity cost in producing the good.

Opportunity cost of producing beer for Germany = MPLc/MPLb = 2/5

Opportunity cost of producing beer for China = MPLc/MPLb = 1

Germany has a lower cost of producing beer so they should specialize in this and export it.

6 0
2 years ago
Turnadot & Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer o
Katena32 [7]

Answer:

Gross Margin = $6,000

Explanation:

Gross margin refers to the Sales price - Direct cost associated with the product.

Here, Sales Value = 200 outdoor planters for $50 each = $50 \times 200 = $10,000

Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000

Thus, gross margin = $10,000 - $4,000 = $6,000

Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.

Final Answer

Gross Margin = $6,000

4 0
3 years ago
The marginal benefit Colin gets from eating a fourth slice of pizza isA. the total benefit Colin gets from eating four slices of
julia-pushkina [17]

Answer:

A) the total benefit Colin gets from eating four slices of pizza minus the total benefit Colin gets from eating three slices of pizza.

Explanation:

Marginal benefit refers to the utility received from doing something one more time. When businesses want to measure marginal benefits, they simply measure the extra revenue generated by selling one more unit, that is why it is referred to as marginal revenue. But when individuals get a marginal benefit, we tend to use a unit called util, and the marginal benefit is how many utils do we get from consuming an extra unit of product.

8 0
3 years ago
Bass Accounting Services expects its accountants to work a total of 23 comma 000 direct labor hours per year. The​ company's est
MissTica

Answer:

Estimated indirect costs allocation rate= $14 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 23,000

Estimated indirect costs= $322,000.

To calculate the allocation rate, we need to use the following formula:

Estimated indirect costs allocation rate= total estimated indirect  costs for the period/ total amount of allocation base

Estimated indirect costs allocation rate= 322,000/23,000

Estimated indirect costs allocation rate= $14 per direct labor hour

4 0
2 years ago
On October 1, 2021, Sonoma Company leased equipment from Napa Inc. in lease payable in five equal annual payments of $540,000, b
Anestetic [448]

Answer:

$1,995,786

Explanation:

Calculation to determine what The right-of-use asset would be recorded at:

Using this formula

Right-of-use asset=Annual payments*PV ordinary annuity

Where,

Annual payments=$540,000

PV ordinary annuity of $1: n = 5; i = 11%=3.69590

Let plug in the formula

Right-of-use asset= $540,000 × 3.69590

Right-of-use asset = $1,995,786

Therefore The right-of-use asset would be recorded at:$1,995,786

6 0
2 years ago
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