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anygoal [31]
3 years ago
6

Because consumers behave in a rationally self-interested manner, the consumer will purchase a good or service ______.

Business
1 answer:
amm18123 years ago
5 0

Because consumers behave in a rationally self-interested manner, the consumer will purchase a good or service when the marginal benefit is greater than the marginal cost.

<h3>What is marginal cost and marginal benefit? </h3>

Marginal benefit is the benefit a consumer derives from increasing consumption of a good or service by one unit. Marginal cost is the change in total cost when consumption is increased by one unit.  

According to economic theory, a rational consumer would consume a good as long as marginal revenue is greater than marginal cost. Utility is maximised when marginal revenue is equal to marginal cost.

To learn more about marginal revenue, please check: brainly.com/question/7781429

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Imagine that you are the marketing manager of a hotel chain that wants to implement a customer reward and loyalty program. You r
Goryan [66]

Answer:

customer relationship management

Explanation:

Customer relationship management (CRM) can be defined as the <u>combination of practices, strategies and technologies that companies use to manage and analyze customer interactions</u> with the goal of improving customer service relationships and assisting in <u>customer retention and driving sales</u>.

The desire to implement a customer reward and loyalty program in Sabre Hospitality Solutions has no other intention and purpose but <u>customer retention and improvement of sales.</u>

Hence, the loyalty implementation program is a customer relationship management strategy.

4 0
3 years ago
Jason wants to open a checking account with a ​$100 deposit. Jason believes he will write 15 checks per month and use other​ ban
anastassius [24]

Answer:

Hillsboro Bank

Explanation:

Jason has 4 banks to choose from:

                          Hillsboro     First National     Trust South      Sun Coast

15 checks              $3                   $8                      $0                  $7.50

8 ATM's                 $4                  $12                     $12                  $12

<u>no minimum          $6                   $7                      $11                   $2.50    </u>

total                       $13                  $27                    $23                  $22

Jason should choose Hillsboro bank because his total monthly fees will be lower.

8 0
4 years ago
Manufacturing overhead was estimated to be $562,800 for the year along with 20,100 direct labor hours. Actual manufacturing over
Lemur [1.5K]

Answer:

$604,800

Explanation:

Applied manufacturing overhead is the manufacturing overhead that has been applied to production in a period.

it is calculated with the formula "budgeted overhead rate * actual labor hr"

Budgeted manufacturing overhead = $562,800

Budgeted Direct labor hours = 20,100

Budgeted Overhead rate = 562800/20100 =$28/hr

Actual manufacturing overhead = $543,705

Actual direct labor hours = 21600

Amount of manufacturing overhead applied = predetermined overhead rate * actual hr =28*21600

=$604,800

7 0
4 years ago
Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator
babymother [125]

This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions. The situation perfectly implies that costs will be incurred to ensure efficient and effective flow of processes. This theory also applies to all business strategies of companies.</span>

6 0
4 years ago
brainly Stuart Manufacturing Company was started on January 1, year 1, when it acquired $89,000 cash by issuing common stock. St
HACTEHA [7]

Answer:

Stuart Manufacturing Company

Assets = $107,200

Explanation:

a) Data and Calculations:

Cash Account

Common stock $89,000

Furniture            (32,000)

Equipment         (40,000)

Salaries               (12,000)

Wages                (21,000)

Raw materials   (26,000)

Sales                   72,000

Cash balance  $30,000

Inventory:

Cost = $26,000

Units produced = 10,000 units

Cost per unit = $2.60 ($26,000/10,000)

Cost of goods sold = 8,000 * $2.60 = $20,800

Ending inventory = 2,000 * $2.60 = $5,200

Sales Revenue = 8,000 * $9 = $72,000

Assets:

Cash                     $30,000

Ending inventory     5,200

Furniture               32,000

Equipment            40,000

Total                  $107,200

b) An asset is something that brings in future cash flows to the business entity.  It is made up of Cash and Cash Equivalents, Inventories, Property, Plant, Equipment, and other business investments.  Assets are funded from finance provided by creditors and the equity owners, and they generate economic values.

5 0
3 years ago
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