Answer: Option E
Explanation: It is a known fact that a consumer gets excited more while doing offline shopping rather than the online shopping. Offline shopping through malls and stores gives the consumer advantage of live appearance and trial use in case of clothes and other such merchandize.
However the long lines for billing and other such lengthy procedures make it difficult.
Hence from the above we can conclude that the correct option is E.
Answer:
The answer is A
Explanation:
To determine whether the contract is formed betwen Quastrar and Hylavian, it is essential to determine whether the acceptance from Hylavian through mail on 18 January bid the two parties into a contract.
We apply Adams v. Lindsell (1818) B & Ald 681 which later formed a postal rule under common law system, stating that if an offer is accepted through mail, the timing of the acceptance will be at the time the mail is sent. While revocation of an offer is not effective after the offeree posted their acceptance through mail.
In this case, the Acceptance is sent on January 18, before the Revocation is received on 21st January. Thus, the Acceptance is effective and the contract is formed on the 18th January, at the time the acceptance is made.
Answer:
Marginal utility is the benefit of consuming additional unit of a product and it is inversely proportional to price.
Explanation:
Utility is the satisfaction derived from consuming a particular product.
As consumption continues, marginal utility is the benefit of consuming additional units of the product. Marginal utility reduces as consumption increases.
So the consumer is less willing to buy at current price. However the consumer will be more willing to buy more at a reduced price.
The campus bookstore is using the knowledge of this by selling the first mu for $10 and subsequent one for $6. The consumer will still be willing to buy at the reduced price.
Answer:
The function that would determine the cost in dollars, c(z), of mailing a letter weighing z ounces is (0.46 + 0.20z)
Explanation:
Weight of the letter = z ounces (z is an integer greater than 1)
cost to mail a letter weighing 1 ounce = $0.46
cost to mail an additional ounce = $0.20
cost to mail z additional ounces = z × $0.20 = $0.20z
Total cost of mailing a letter weighing z ounces = $0.46 + $0.20z
Therefore, cost function, c(z) = 0.46 + 0.2z
Answer:
c. A group of people who work together to achieve some specific purpose
Explanation:
An organization is defined as a group of people, a social system that organize and manage themselves by assigning roles and responsibilities in order to achieve an objective.
I hope you find this information useful and interesting! Good luck!