Answer:
a.The rental of any ski equipment you need.
b.The cost of a lift ticket.
d. The wages you forgo by going skiing.
Explanation:
The true cost in this case can also be called the opportunity cost of going skiing and it is defined as the total cost required in order to achieve the aim of going skiing.
The rental of any ski equipment you need, the cost of a lift ticket and the wages you forgo by going skiing are all included in the true cost of going skiing.
Answer:
A. applies economic theory to understand real-world events.
Explanation:
An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.
characteristics of economic models are ;
They capture the fcomplexity of a phenomenon
They are able to make powerful predictions they are simple to understand
An example of an economic model is the production possibility frontier (PPF) . The PPF is a curve that shows the two combinations of goods that can be produced given the resources of an economy
Answer:
B. customer benefit
Explanation:
Based on the information provided within the question it can be said that the salesperson was using a customer benefit approach. This refers to when a salesperson states the ways and features that will make the product or service valuable to the customer. This is what the salesperson was doing in this situation by stating that the product can save the person time and money with it's features thus adding value.
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Answer:
$112.425
Explanation:
breakeven is
first we need to understand the concept of breakeven:
breakeven in sales makes reference to the amount of revenue in dollars at which a company has a profit of zero ($0.00). covering the underlying fixed expenses of a busines
with this concept we have that :
Total Costs = fixed annual operating cost + variable cost + sold units
Revenue = Total Costs
14.99 * sold units = 75,000 + 4.99 * units
10 * sold units = 75,000
breakeven = 7,500 units
now we can have the breakeven in dollars doing the convertion
breakeven = breakeven in units * prices
breakeven= 7,500 units * $14.99/unit
breakeven = $112,425
Answer: See explanation column for answer
Explanation:
Caroline
left Right
Anthonio left 6,6 6,3
Right 4,3 5,5
The first digits in both left and right is Anthonio's best response payoff given what Caroline chooses. Also, the second digit on both left and right is Caroline's best response payoff based on what Anthonio chooses.
When Antonio chooses left, Caroline should choose left so as to get a payoff of 6, also when Antonio chooses right, Caroline chooses right to get a payoff of 5. therefore, there is no dominant strategy for Caroline.
The dominant strategy for Antonio occurs
When Caroline chooses left, Antonio will have to choose left to get a payoff of 6, also when Caroline chooses right, Antonio should choose left to get a payoff of 6. So, the dominant strategy for Antonio is to choose left.
The only dominant strategy in this game is for Antonio, to choose left.
b). For Nash Equilibrum, Antonio will have to choose his dominant strategy, that is to choose left, which will make Caroline is to choose left so as to get a payoff of 6. So, the Nash equilibrium is for Antonio to choose <u>left </u>and caroline chooses<u> left</u> too
