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Brrunno [24]
2 years ago
11

Paolo is an owner of a professional sports team in a large league. To promote fairness, the team with the most losses in the lea

gue automatically gets the best new player to enter the league next year. Consider the following sentence: In order to get the best new player next year, Paolo orders his team to intentionally lose as many games as possible. Which basic concept of individual choice does this sentence best illustrate? Externalities are a shortcoming of the market. An optimal decision is one that best serves the objectives of the decision maker. All costs are opportunity costs. Opportunity costs and money costs (price) are related, but not always exactly the same.
Business
1 answer:
butalik [34]2 years ago
8 0

Answer and Explanation:

According to the given situation, Paola would be rational decision maker and if the team suffered losses so in the next league they would get the best new players so he ordered his team to lose many teams as he is aware of the fact that the opportunity cost of game losing would be closet to zero

So the second option is correct

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Based on age segmentation of a target market, which group is at peak earning power but seeks to spend only on products that prov
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Answer:

The correct answer is generation X.

Explanation:

Generation X are at their peak earning power, but they don't feel the need to show off their wealth. Instead, they look for products that provide value for the money and good performance.

<em>This is evident in the topic 8.4 of the chapter 8 of Principles of Marketing.</em>

6 0
3 years ago
Match each word with the phrase: diversification- the period of time after people end their working careers, guaranteed- to prom
Sveta_85 [38]

Answer:

*Diversification => The practice of putting money into more than one kind of investment

*Guarantee => To promise and deliver a future result

*Return => The money earned on an investment in a certain period of time

*Liquidity => The ability to quickly convert something into cash

*Retirement => The period of time after people end their working careers

Explanation:

1. Diversification is the act of investing resources into different areas or sectors of an economy. For example, a company that produces mainly clothing and textile materials can decide to diversify by investing in other areas like agriculture or food processing.

2. Guarantee is usually the ability of a company to promise, for example, certain qualities of a product to the consumers, and also matching the promise with the actual fulfillment of what was promised to the consumers.

3. Return: for example, if I invest $5000 on a restaurant business, and after like 12 months, the money generated on the money invested is my returns.

4. Liquidity: for example, if I have harvested cash crops, and I need money immediately, I can easily generate cash by selling them. The ease at which an asset can be converted to cash is what is termed liquidity.

5. Retirement: virtually all careers have a set time when their employees are due for retirment. The period when one leaves a career officially, after spending a certain period of years in service, is what is termed retirement.

3 0
3 years ago
Be sure to mention which cultures more on nonverbal communication and which cultures don't use it when communicating with others
MatroZZZ [7]

Answer:

Amm 8 don't understand really

7 0
3 years ago
"which term refers to a sponsoring entity's promotion of sponsorship?"
gizmo_the_mogwai [7]
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5 0
3 years ago
During the rainy season, people look to buy raincoats and umbrellas. Elements, an apparels manufacturer, caters to this need. Wh
FromTheMoon [43]

Answer:

The definition of the problem is listed in the Clarification column elsewhere here.

Explanation:

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