Answer:
Charles is classified in the adopter category called "Latecomers"
Explanation:
Latecomers are traditional consumers. For them, buying a new product brings a feeling of extreme psychological discomfort. They do not like news, even flee from it, and consider it immature to buy an innovative article in the market.
Latecomers represent 16% of consumers, are insecure to adopt new things, do not like to try new things and do not follow fads. Being traditionalists, they always perform the same way and only adopt innovation when there is no other alternative. Like Charles, who only bought the color TV because his old tv stopped working.
Microchip technology is one of the main factors that made low-cost personal computers and other devices increasingly accessible to the general people in the 1990s.
The history of the technology industry is one of rapid expansion and decline. Its initial era of rapid expansion covered the years 1990 to 2000, which are commonly referred to as the "dot-com boom" or the "tech bubble."
Over the time, employment in the technology sector sectors soared by 36% nationwide. Over a ten-year period, the average weekly pay for those working in the technology industry quadrupled and increased by 102%. At its height in 2000, slightly over 4% of all private employment was in the technology sector.
Early in 2001, as the tech bubble burst, employment in the industry fell off quickly. For the next four years, there were large net job losses.
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The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
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Answer:
The answer is below
Explanation:
For motor A, efficiency = 75%= 0.75 hence:
Total cost for motor A = operating cost + purchase cost = $34853 + $3200
Total cost for motor A = $38053
For motor B, efficiency = 85% = 0.85
Total cost for motor B = operating cost + purchase cost = $30753 + $5900
Total cost for motor B = $36653
Therefore motor B is more economical since it has a lesser total cost
Answer:
An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.
Explanation:
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