Answer:
a customer will realize when he purchases the product or service
Answer:
Human beings make decisions at the margin which means that they make decisions depending on if the marginal benefits outweigh the marginal cost.
a. Deciding how many days to wait before doing your laundry.
Here the marginal benefit of waiting before you do your laundry is that you will have extra time to do other things you want to do. The marginal cost however would be that you will keep having less and less clothes to be able to choose from. Therefore the amount of time that you will take before doing your laundry depends on whether you value your free time over the amount of clothes you have to choose from.
b. Deciding how much library research to do before writing your term paper.
The marginal benefit here would be that if you use a lot of research your work will be more in-depth as you will find more information ( past or present) that will help you do the research. The marginal cost however is that you will have less time to do other things such as going to classes. Your decision would depend on if you think the research is more important than time for those other things or vice versa.
c. Deciding how many bags of chips to eat
Marginal benefit would be satiating your hunger. Marginal cost would be the calories you might gain as well as the cost of the chips. You will make a decision depending on if you believe the hunger being satiated is more beneficial than the calories gained and the money spent.
d. Deciding how many lectures of a class to skip
Like the first decision, the marginal benefit here would be the extra time you would gain to do other things. The marginal cost however, would be the risk of falling behind on material. Your decision will depend on if you value your extra time more than falling behind. If you do, you will miss more lectures. If you don't you will miss less lectures.
Answer:
Explanation:
Real wage is defined as the nominal wage divided by the general price level, CPI. It is also the purchasing power of nominal wage.
Nominal wages are the wages received by a worker in the form of money.
Given:
In 2000:
Amelia nominal salary = $7,200 per week. CPI = 0.418
In 2020:
Amelia nominal salary = $35,000 per week
CPI = 2.40
Where CPI is an inflation measure.
Real salary = salary /(1 + inflation rate)
Inflation rate = (CPI2 - CPI1)/CPI1 × 100
Real salary I = salary/CPI
Real salary in 2000 = 7200/0.418
= $17224.88 per week
Real salary in 2020 = 35000/4.74
= $7384 per week
Nominal salary in 2000 compared to that in 2020,
Finding the difference = $7200 - $35000
= -$27800 per week
Real salary in 2000 compared to that in 2020,
Finding the difference = $17224.9 - $7384
= $9840.9 per week
Answer: Segmentation by usage
Explanation: Segmentation by usage splits customers according to how often they use a product. Using segmentation by usage, customers can be classified into non - users, who don't use the product at all, light and medium users, who can range from little usage of the product to average use of the product, and heavy users, who mostly use these products.
From thr first paragraph it is clear that usage segmentation is used to separate the user's into different classes based on their usage, and identify which class to target when it comes to sales. At Estelle Cosmetics Company, it was deduced that of this company's total sales, less than 7% of this market are heavy users. These users purchase nearly 71% of the company's products. This company will probably focus their marketing efforts on the heavy users, as they contribute to the majority of sales within their company.
The correct option is B. their goals and strategies for learning.
Took the pf test and got 100%
