Suppose that at prices of $5, $4, $3, $2, and $1 for product Z, the corresponding quantities supplied are 7, 6, 5,4,3 units, res
Alchen [17]
Answer:
A)Improved technology for producing Z.
Explanation:
- which means automation of production, so when you will have mass production at low cost it will definitely result in a decrease of product cost.
- This shall consequently lead to an increase of the quantities of product Z produced because, the extra capital that comes from saving on the production costs shall be used to produce more goods.
- Since production shall have not cost any extra capital, the price shall remain constant.
Answer: Low-involvement decision
Explanation:
Low involvement decision are the decisions of purchasing product or good without taking much self-risk .Consumer faces not much threat for buying such product and thus, there is not much requirement of thinking before buying product.
According to the question, Anita is using low-involvement decision for purchasing certain gum packs .She did not give much thought before buying as soon as she got to know her chewing gum in her bag is finished.
Answer: a. What motivates people.
Explanation:
According to the doctrine of Psychologism Egoism, people are always motivated to act following their own interests, meaning that all human motivation is egoistic. This theory, therefore, is about what motivates people´s actions. Is not about what is good and right, as the motivation is considered ultimately egoistic. The theory establishes no relation between motivations and religion, nor normative ethics, or specific rules as deontology would suggest.
