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2 years ago

If a buyer has an almost unlimited selection of products that are very difficult to differentiate between, this represents.

1 answer:

3 0

Consumer choice occurs when a buyer has an almost unlimited selection of products that are very difficult to differentiate between.

<h3 /><h3>What is Consumer Choice</h3>

Consumer choice refers to the aspect of microeconomics that deals with the decisions consumers make with regard to products and services.

This involves how consumers decide which products to purchase or consume over time.

<h3>Factors affecting Consumer Choice</h3>

Psychological Factors
Social Factors.
Cultural factors
Personal Factors
Economic Factors

Learn more about Consumer Behavior at https://brainly.in/question/1232898

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A new aerated sewage lagoon is required in a small town. Earlier this year, one was built on a similar site in an adjacent city

zysi [14]

Answer:

value of new lagoon will be $4.05 million

Explanation:

We have given cost = $2.3 million

It is given that new lagoon will be 65% larger

So size of lagoon will be 1+0.65 =1.65

Sizing exponent for this project is given 1.13

So x = 1.13

New lagoon is given by $New\ lagoon=cost\times size^x$

So new lagoon will be equal to $=2.3\times 1.65^{1.13}=2.3\times 1.76=4.05$ $ million

So value of new lagoon will be $4.05 million

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3 years ago

A firm maximizes its profitability when it: creates products similar to the products of its competitors. strips all the value ou

sineoko [7]

A firm maximizes its profitability when it<u> "configures its internal operations to support the position selected by it on the efficiency frontier".</u>

In economics, profit maximization is the short run or long run process by which a firm may decide the value, information, and yield levels that prompt the best benefit.

The general guideline is that the firm maximizes profit by delivering that amount of yield where negligible income breaks even with peripheral expense. The profit maximization issue can likewise be drawn closer from the information side.

6 0

3 years ago

A bond that pays interest annually yielded 7.37 percent last year. The inflation rate for the same period was 2.4 percent. What

bazaltina [42]

Answer:

Real interest rate= 0.0497= 4.97%

Explanation:

Giving the following information:

A bond that pays interest annually yielded 7.37 percent last year. The inflation rate for the same period was 2.4 percent.

<u>The effect of the inflation rate is counterproductive to the interest rate. It diminishes purchasing power.</u>

Real interest rate= nominal interest rate - inflation rate

Real interest rate= 0.0737 - 0.024

Real interest rate= 0.0497= 4.97%

5 0

3 years ago

In the context of corporate social responsibility, _____ responsibilities are to obey local, state, federal, and relevant intern

astra-53 [7]

Answer:

answer is- b.legal

Explanation:

Hope it helps

7 0

2 years ago

A fixed asset with a cost of $52,025 and accumulated depreciation of $44,221 is traded for a similar asset priced at $55,501. As

kkurt [141]

Answer:

$2,140

Explanation:

When a commercial substance exists in the course of the exchange of an old asset for a new one , the gain or loss on this assets is recognized,

Commercial substance can be said to exist when the exchange assets impact the future cash flow. The extended useful life of the involved assets in the question the the newly acquired asset through exchange support this.

<u>Workings</u>

Cost of the fixed assets = 52,025

Accumulated depreciation = 44,221

Book value = 7,804

Trade in allowance = 5,664

loss = 7,804 - 5664 = 2,140

6 0

3 years ago