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morpeh [17]
2 years ago
11

Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning Joss to undertake a market s

urvey and compile the findings in a report. Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1,200. Assume that Iris and Daphne do not know each other. Which of the following statements is true?
a. only Iris will purchase Joss's services and Joss will undertake the job for her.
b. only Daphne will purchase Joss's services and Joss will undertake the job for her.
c. both Iris and Daphne will purchase Joss's services and Joss will undertake the job.
d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.
Business
1 answer:
posledela2 years ago
6 0

Answer: d. both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.

Explanation:

Iris will want Joss's services but they will be unable to afford them as Iris is only willing to pay $500 whereas Joss wants $1,200 for the job.

The same goes for Daphne who is only willing to pay $800.

Both of them will therefore want to hire Joss but will be unable to.

Joss could however charge both of them their willingness to pay and then sum the cash up and give them both the research whilst still making a profit.

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Greg has developed an automobile engine that runs efficiently for up to three hours on a single russet potato. His friends have
natulia [17]

Answer:

Correct option is (a)

Explanation:

For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.

He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.

It can be inferred that Greg has both vision and confidence

4 0
3 years ago
Read 2 more answers
Parwin Corporation plans to sell 39,000 units during August. If the company has 16,000 units on hand at the start of the month,
aalyn [17]

Answer:

A. 40,000

Explanation:

Data provided

Sold units = 39,000

Beginning units = 16,000

Ending units = 17,000

The computation of units is shown below:-

Production units = Sale unit + Desired ending inventory - Beginning inventory

= 39,000 + 17,000 - 16,000

= 56,000 - 16,000

= 40,000

So, for computing the production sales we simply applied the above formula.

6 0
3 years ago
You have $3000 per month to cover your expenses. You estimate your monthly costs to be rent of $1200, car expenses of $700, util
kobusy [5.1K]

Answer:

with the student loans you will be over 800

Explanation:

so if you subtract all of that from 3000 you will be in negatives by -800 each month

4 0
2 years ago
Many people who want to start investing for their future want to start today, which implies an annuity stream that is paid at th
navik [9.2K]

Answer:

b. annuities due

Explanation:

Annuities due -

It refers to the amount which need to be paid at the regular interval of time , just before the beginning of the new phase , is referred to as annuities due .

The most common example of annuities due is rent , which need to be paid after every month in the starting .

Hence , from the given information of the question ,

The correct option is annuities due.

4 0
3 years ago
What is the equation for Student Loan Payments? ( Economics and Finances)
Rufina [12.5K]

Answer:

p= r(PV)

    ---------

    1-(1+)^-n

p=Payment

PV= Present Value

r=rate per period

n=number of periods

Explanation:

sorry if it is wrong

6 0
2 years ago
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