Becasue of the housing bubble, many houses are now selling for much less than their selling price just two to three years ago. There is evidence that home owners with virtually identical houses tend to asl for more if they paid more for the house.What fallacy are they making?

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A: Luxury brands offer high levels of symbolic and quality values through client experiences. They are…

Q: How much profit did the restaurant earn in each period? Remember that the quantity on the graph is…

A: Profit = Total Revenue - Total Cost Total Revenue = Price*Quantity Total Cost = Average Total…

Q: 10 Average cost Profit or loss Marginal cost 8 7 4 Demand 2 1 Marginal revenue 10 20 30 40 50 60 70…

A: The profit is maximized where MC=MR At this pointP=6Q=40ATC=4Profit=(P-ATC)*Q=(6-4)*40=80 At the…

Q: What is the difference between a for profit and nonprofit business?

A:

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A: Apple Inc., that is originally Apple Computer, Inc., is a global firm that makes consumer devices,…

Q: What is a franchise? Name several and popular franchises.

A: The correct answer is given in the second step.

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A: Market orientation often includes improvements in customer service and product support geared to…

Q: Morgan took $400 000 out of their savings account to start an ice cream stand. The savings account…

A: Given:Implicit cost:=4,00,000*5%=$20,000Explicit cost=Incurred cost=$12,000Total…

Q: As you review the Facebook site, you note that packagingfor your company’s bread uses the words…

A: Bread is very nutrient for our health but at the same time it is considered as a major source of…

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Q: The accompanying graph depicts the long-run costs and revenue for a monopolistically competitive…

A: Monopolistic competitive market:In this market, there are large numbers of buyers and sellers. They…

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A: Price discrimination refers to the situation where seller is selling the same product or services in…

Q: Draw a graph of Pepsi company that related to the product differentiation.

A: Monopolistic competition: It has the features of both a monopoly and a perfectly competitive market.…

Q: Choose a current news item about a company enduring a difficult situation such as layoffs,…

A: Two incredible powers are transforming the very nature of work: robotization and ever fiercer…

Q: Consider the data below for the Price of a single family home based up its size in square feet, the…

A: i) Performs the analysis of regression analysis by using prices pricing data as independent variable…

Q: What is average profit margin means?

A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…

Q: Discuss and explain : "Advertising expenditure may serve to signal quality ofthe product"

A: Advertising is a type of commercial communication in which a product, service, or idea is promoted…

Q: What can be used to influence and shape consumers’ intangible preferences in order to differentiate…

A: The objective of the question is to identify the strategy that can be used to influence and shape…

Q: on average, the price of a patented pharmeceutical drops between 30-50 percent after the patent…

A: GIVEN   on average, the price of a patented pharmeceutical drops between 30-50 percent after the…

Q: What are the factors affecting pricing in Hospitality Industry?

A: Introduction Hospitality industry consist hotel industry and travel industry. It is concerned with…

Q: Suppose that a local electrical utility firm was split into five firms of equal size. What do you…

A: Market structures are of many different types based on the number of firms in the industry, ease of…

Q: Describe the Cost of Cooking with Electric and Gas Ranges.

A: Cost: It shows the monetary value of the good and services which is purchased by consumers and…

Q: Why Business Should Be Listed in Google My Business b. How to Dominate Local Search c. A…

A: A) Business Should Be Listed in Google My Business because,  Your Business Profile is a free device…

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A: To satisfy the demands and expectations of diverse customer segments, all goods and services…

Q: Friendly’s Quick Loans, Incorporated, offers you $5.25 today but you must repay $6.55 when you get…

A: Friendly’s Quick Loans, Incorporated, offers you $5.25 today but you must repay $6.55 when you get…

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A: Permutations and combinations is included in the branch of econometric engineering called…

Q: 3. What is the rate of return that includes the minimum profit as an expense?

A: Accounting rate of return include the minimum profit as an expense

Q: Why is it essential to keep a close eye on fixed expenses?

A: Fixed expenses or overhead costs are that part of production costs which do not fluctuate with the…

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A: In the market, luxury fashion brands work differently from fast fashion brands and able to maintain…

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A: To make the wisest decision seller must have to consider all tha factore that can affect his or her…

Q: Suppose you work for a specialty food store. The owners are considering providing an e-commerce…

A: I would start by analyzing the situation to assess the strengths and weaknesses of such a goal as…

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A: A business organization has several departments and systems that indulge in different activities and…

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A: Gig Economy is that economy in which mostly hiring are done for temporarily or for short-run…

Q: a There are disputes sometimes even after the goods have been delivered. Explain five ways of how…

A:

Q: Please fill in the points and writeon box note points in the paper about this topic company. The…

A: Business of the company - Automotive (Production of Automobiles), produces "Luxury & Commercial…