Answer:
c. The equilibrium price will go down and equilibrium quantity will be indeterminate.
Explanation:
A bumper crop can also be a source of problems, such as when there is insufficient storage space (barns, grain bins, etc.) for an overlarge crop.
Answer:
Answer is option e, i.e. Distributive fairness.
Explanation:
When any customer or any employee receive the product or reward as per their perception of what they believe they should receive. Then their exist a condition of justice and fairness in distribution. Here, in the above mentioned case the travelers are offered with future vouchers after they are bumped due to overbooked flights. In order to create a sense of fairness, they are issued with this future voucher. Thus, it is referred to as distributive fairness.
<span>efficiency, waste of movement</span>
The formula for calculating the lifetime value of a customer the amount a person will spend MINUS the cost to maintain the relationship
<u>Explanation:</u>
Any company must measure the customer lifetime value for its success. Customers are the important factor that decides the growth of any business. They play an important role of buying the goods and services produced by any business. It is required to know how much it costs to attain new customers than retaining the older customers.
By measuring the CLTV, a company can make better decisions like the goals related to marketing, reduction in the cost related to acquisition, customer retention,etc. CLTV can be measured by subtracting the amount spent by a customer from the total cost that is spent in maintaining the relationship with that customer.
