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viva [34]
3 years ago
6

Carolyn is a very likable employee. Recently, her boss rated her at the highest level in all areas of performance, even though i

n some areas her performance did not warrant this judgment. This is an example of a ___________ perceptual error.
Business
1 answer:
noname [10]3 years ago
4 0

Answer:

The correct answer is letter "E": halo.

Explanation:

The halo perceptual error is a tendency to generalize every aspect of a given object merely on the basis of one or two aspects of the same object. The consequence of the experience is positive but it takes the <em>horn perceptual effect</em> name when it is negative.

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When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day.
Elanso [62]

Answer:

The answer is -0.5

Explanation:

I will attach a jpg file explaining the procedure used in obtaining the answer. I used the midpoint formula to calculate for percentage change in Quantity and Price, before calculating the Price-elasticity coefficient.

7 0
3 years ago
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5 0
3 years ago
Read 2 more answers
In July 2008, the average price of gasoline in the United States was $4.09 per gallon and consumers bought 6 percent less gasoli
Basile [38]

Answer:

PED= 0.1571

Explanation:

The price elasticity of demand (PED) indicates how the quantity demanded change when the price changes. Is defined by this equation:  

Price Elasticity of Demand = Percentage change in Q/ Percentage change in P  

In this case, the problem is giving percentage changes in Q but we must calculate the percentage change in price:

%Change in price = ( p2-p1/p1)*100= ($4.09-$2.96)/$2.96= 0.3817*100=38.17%

%Change in quantity is= -6%

PED= -6%/38.17%

In absolute value:

PED= 0.1571

If the PED is less than 1 then gasoline is considered as inelastic.

6 0
3 years ago
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (
Vladimir [108]

Answer:

Flashfone and Pictech

The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.  

Explanation:

a) Data and Calculations:

                                Pictech  

                          High         Low

             High     8   8        3  10

Flashfone

             Low    10   3        5   5

b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively.  This payoff level does not put any of the two firms at a disadvantage.

7 0
2 years ago
Based on the following data, determine the cost of merchandise sold for October. Merchandise Inventory, October 1 $ 98,560 Merch
bagirrra123 [75]

Answer:

$414,070

Explanation:

Calculation to determine the cost of merchandise sold for October

Merchandise inventory, october 1 $ 98,560

Add: Purchases $433,880

Add: Transportation in $7,620

Less: Purchase return and allowances $12,760

Less: Purchase discount $9,900

Less: Merchandise inventory, october 31 $102,330

Cost of merchandise sold $414,070

Therefore the cost of merchandise sold for October will be $414,070

4 0
3 years ago
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