Consumers are willing to pay more for a product if

they perceive the brand as better

there are many comparable products

it is a complementary product

their friends have had a negative experience with it

i chose a but it could be c too i dont know

A trial balance a. is a list of accounts with their balances at a given time. b. proves the mathematical accuracy of journalized transactions. c. proves that all transactions have been recorded. d.

Suppose you build a model of the market for umbrellas, in which the predicted number of umbrellas sold by a shop depends on their colour and price, ceteris paribus. the colour and the price are variables used to predict sales.

Marginal utility is the total satisfaction received from consuming a given number of units of a product. satisfaction achieved when a consumer has had enough of a product. extra satisfaction received from consuming one more unit of a product.

The Coase theory suggests that private markets may not be able to solve the problem of externalities a. when the number of interested parties is large and bargaining costs are high b. if government does not actively become involved in the process c.

To the economist, total cost includes:A. explicit and implicit costs, including a normal profit. B. neither implicit nor explicit costs. C. implicit, but not explicit, costs. D. explicit, but not implicit, costs.

Jessica's manager believes that Tres Tortillas can gain an advantage over competing Mexican restaurants in the area by capitalizing on the higher demand for salsa.

Which of the following is NOT a disadvantage of vertical integration? a) Increased business riskb) Decreased product qualityc) Capacity matching problemsd) Slowness to embrace technological advancese) Less flexibility in accommodating shifting buyer

Opportunity cost occurs because of a producer's need to limit resources. protect resources. O allocate resources. spend resources

Describe the competitive landscape and explain how globalization and technological changes shape it.

How many combinations of 6 different 10th grade subjects can tyler choose from the 9 subjects offered?