explain how opportinity cost affects consumer behacvior

Q: describe your ideal market

A: A ideal market is one with perfect competition, with prices determined only by demand and…

Q: how do you find the marginal utilities of the goods with the information provided?

A: No expert do not claim to find both marginal utilities but rather the ratio of marginal utility

Q: Determine an effective marketing response to a change in the social-cultural • environment.

A: The socio culture environment deals with the relationship among the society, culture and marketing.…

Q: how did we get price at $10?

A: As discussed earlier, the monopolist has complete and maximum market power. A Monopolist produces…

Q: What does the point on a budget line indicate in terms of prices?

A: # A budget line of the consume represents the price of the two goods and the budget of the income of…

Q: sense 2. Calculate the price elasticity of demand for the following products and state whether…

A: For question no. 2 we need not use the mid point formula. Simply point elaticity formula is…

Q: Explain Market pain.  Provide an example of a product that solves market pain.

A: Business specialists and investors allude to showcasing "torments" as a condition of occasions where…

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: The Maximax strategy involves making a decision that maximizes the potential benefits or outcomes by…

Q: 1. Explain the decisions taken for an individual product.

A: When making decisions for a personal product, several factors have to be considered, consisting of:-

Q: How would marginal utility and market demand be affected by a rise in the price of a contemporary…

A: A complementary product is a product or service that adds value to another product or service. In…

Q: What happens in the market for beach towels,now that the season is over? Graph and explain

A: Demand is the consumer's willingness to pay or consume a certain good available in the market. It…

Q: Starting a gluten free and nut free restaurant has been a lifelong dream of Sydney Quintero, since…

A: A payoff matrix is a way to show the output of players' choices in a game. A payoff matrix does not…

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: What refers to the amount of the satisfaction derived from the consumption of the commodity Help•••

A: It is the UTILITY which refers to the amount of the satisfaction derived from the consumption of the…

Q: Cake and pastries are Substitute goods or complementary goods?

A: If two goods can be used on place of each other than they are Substitute goods and if they are…

Q: Which term is used to describe the want satisfying power of a commodity or a service? [A] Demand…

A: The current inquiry is to recognize the term that precisely depicts the 'want fulfilling force' of…

Q: Which of the following best describes why the Hours of Service Regulations were put into place? O To…

A: The driver test is important to ensure the safety of peope with having the all relevant information.…