In introducing the opportunity cost of time into the theory of consumer behavior, we find that, all else equal one should consume less of time-intensive goods.
Opportunity cost of time is actual cost of the time lost in performing one activity instead of another. In other words it is the loss of the time done in choosing an opportunity between the two.
One should consume less time intensive goods because it will save more time.
Theory of consumer behavior is the study of how the people decide to spend their money in the given choices to them according to the budget constraints and individual preferences.
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Answer:
V = l x w x h.
Explanation:
Understand the volume of a rectangle equals it's length x width x height. If your box is a rectangular prism or a cube, the only information you need is the box's length, width, and height. You can then multiply them together to get volume.
It's not true.
A refrigerator keep the cool temperature by moving the heat from inside the box to outside the box.
If that student open the door, the temperature inside the refrigerator would be equal with the average temperature of the room, which make his effort pretty much pointless.
Answer:
E. Top leader
Explanation:
A top leader are responsible for overseeing and controlling the overall operations of an entire organization. They are in charge of strategizing goals, policies and making overall decisions on the direction of the business. In this case, Juan, a top leader, oversees operations in both the product and functional chains of command, and is responsible for maintaining a power balance between the two sides of the matrix.
Answer:
Variance =0.008464
Explanation:
The probability that there will be recession = 100 – 80 = 20%
Therefore expected return = Return × probability
=(0.8 × 14.3) + (0.2 × -8.7)
= 9.7%
Total probability is calculated in the table (use the attached table)
Standard deviation (SD) = [Total probability (84.64%) × (Return (8.7%) - Expected Return (14.3%))^2 / Total probability (84.64%) ]^(1/2)
=9.2%
Thus, variance = (SD)^2
variance =0.008464
