Answer:
Prisoner's Dilemma
Explanation:
Prisoner's dilemma is a situation where 2 otherwise rational individuals refuse to cooperate even if it would be in their best interests to do so.
Answer:
In this section, we are going to take a closer look at what is behind the demand curve and the behavior of consumers. How does a consumer decide to spend his/her income on the many different things that he/she wants, i.e., food, clothing, housing, entertainment? We assume that the goal of the consumer is to maximize his/her level of satisfaction or joy, constrained by his/her income.
Economists use the term utility as a measure of satisfaction, joy, or happiness. How much satisfaction does a person gain from eating a pizza or watching a movie? Measuring utility is based solely on the preferences of the individual and has nothing to do with the price of the good. Let’s do an experiment in utility.
Step 01: Get some of your favorite candy, pastries, or cookies.
Step 02: Take a bite and evaluate, on a scale from 0 to 100 (with 100 being the greatest utility), the level of utility from that bite. Record the marginal utility of that bite (i.e., how much you get from that one additional bite).
Step 03: Repeat step 02. It is important to be consistent with each unit consumed, i.e., the same size and no drinking milk or water part way though. When you run out of candy or your marginal utility goes to zero you can stop.
Law of Diminishing Marginal Utility
The right answer for the question that is being asked and shown above is that: "a. building customer awareness of the product." In the introduction stage of the product life cycle, marketing efforts are focused on <span>building customer awareness of the product.</span>
Answer:
c.
Explanation:
Secured bonds are bonds that have specific assets of the issuer pledged as collateral. In other words they are a type of bond that is bought by pledging a specific asset, which acts as a collateral on the loan that you are giving the company. Which if the issuer were to default on the payment then the issuer must transfer ownership of the asset to the holder of the secured bond.
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