Most likely true! Economics is the knowledge/ study of how society functions!
Answer:
The correct answer is letter "D": you have experience related to the product.
Explanation:
The reference price is the price buyers are willing to pay for a given good or service based on different features of the product such as quality, availability and the type of need it satisfies compared to what competitors can offer.
<em>The real price of the product is considered adding the value individuals can provide to the good or service based on the interaction they have had with similar items</em>. Quality information might influence the reference price to be set.
Answer
a. 200 million
b. 30 million
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The given approach would be "Proxy indicators".
Explanation:
- A proxy indicator would be a parameter that often used substitute throughout that would be harder to quantify individually.
- This would be an ambiguous indication of either estimate which may well approximate or otherwise be indicative of such an occurrence or without the existence of either a specific measurement.
So really the answer above would be appropriate.
Answer:
The question does not include any requirements, so I looked for similar questions:
- Use the least squares method to develop the estimated regression equation.
-
For every additional car placed in service, estimate how much annual revenue will change.
1) Y = -14.95 + 12.82X
2) for every 1 thousand cars put into service, revenue should increase by $12.82 million.
See attached PDF for calculations
