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leonid [27]
3 years ago
13

Peter, Paul, and Mary go to an all-you-can-eat buffet. The normal entrance fee is $20, but Peter gets in free because it is his

birthday and they have a special. Paul uses a coupon and only pays $10. Mary is the only one to pay the full $20. They are all equally hungry and have an equally large appetite. If they are all rational decision makers, the person who should eat the most is:
Business
1 answer:
Firdavs [7]3 years ago
5 0

Answer:

mary

Explanation:

A rational consumer would consume up to the point that marginal benefit equal marginal cost

Mary paid $20. this means that she places a value of $20 on the meal.

Paul paid $10. this means that he places a value of $10 on the meal

The value Mary places is 20, so she places a higher value and she would consume the most

Peter enters free and thus there is no marginal cost attached to this decision. He should consume the least

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Simon is a sales representative with McKesson who works with independent and chain drug stores to provide branded and private la
Crank

Answer:

Societal marketing orientation

Explanation:

Options include "a. Societal marketing orientation , b. Production orientation , C. Sales orientation , d. Market orientation

Societal marketing orientation is an idea to engage the customers in marketing movement of the company. If the customers evangelize the product on the company’s behalf the company finds success very easily and efficiently. Societal marketing orientation not only focuses on the needs of the customers but also on the fulfillment of the social responsibility

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4 years ago
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3 years ago
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Economic analysis is used only by policy makers to make policy decisions. only by business people to raise profits. only by inst
Free_Kalibri [48]

Answer:

The correct answer is: in all decision making.

Explanation:

Economic analysis is used in all walks of life, in decision making. It is not only relevant for policymaking or in business or for students. Rather, it is used in day to day life as well.  

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5 0
3 years ago
You find a zero coupon bond with a par value of $10,000 and 21 years to maturity. The yield to maturity on this bond is 4.3 perc
alexgriva [62]

Answer:

Price of bond $4,092.49

Explanation:

Computation the price of the bond

Using this formula

Price of bond=Par value*1/(1+YTM/2)^(2*time period)

Where,

Par value=$10,000

1/(1+YTM/2)=1/(1+0.043/2)

(2*time period)=(2*21 years)

Let plug in the formula

Price of bond=$10,000*1/(1+0.043/2)^(2*21)

Price of bond=$10,000*1/(1.0215)^42

Price of bond=$10,000*(0.97895252)^42

Price of bond=$10,000*0.4092497467

Price of bond=$4,092.49

Therefore the price of the bond will be $4,092.49

8 0
3 years ago
The following sequence shows four operations for a computer chip assembly process and the effective capacity of each. Step 1: 50
Alla [95]

Answer:

The actual output of the process is 140 per hour

Explanation:

The Bottleneck step is the one which assemble minimum number of chips per hour . Step 3 produces minimum number of chips (200 chips per hour). Therefore step 3 is the bottleneck step.

Since the steps are interlinked in sequence, the capacity of the process will be determined by the capacity of the bottleneck process. Therefore, effective capacity of the process = 200 chips per hour

Since utilization is 70% of effective capacity , the actual output  of the process = Utilization x Effective Capacity

= 0.7 x 200

= 140 per hour

Thus, the actual output of the process is 140 per hour

7 0
4 years ago
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