correct answer is
D) : Determine the satisfaction recorded from the consumption of goods.
Explanation:
Economics conception that though it's not possible to live the utility derived from an honest or service, it's typically attainable to rank the alternatives in their order of preference to the buyer. Since this alternative is affected by the worth and therefore the financial gain of the buyer, the rational client won't pay cash on a further unit sensible|of excellent service unless its utility is a minimum of up to or bigger than that of a unit of another good or service. Therefore, the worth of an honest or service is said to its utility and therefore the client can rank his or preferences consequently.
b. deficit
c. balanced
d. equalized
B) Fixed cost
C) Cost-based
D) Variable
Answer:
C) Cost-based
Explanation:
Cost-based based pricing is a pricing strategy where price is a mark up of cost of production. Price is the sum of cost of production and an extra amount to account for profit.
Value based pricing is setting prices at the consumers' perceived value for the product.
Fixed pricing is when price remains unchanged over a long period of time.
Variable pricing is when price changes based on location, region and other factors
I hope my answer helps you
Answer:
Switching cost.
Explanation:
In Microeconomics, Switching cost can be defined as the cost that a consumer or service taker incurs from having to switch service provider, supplier, product or brand to another. It is also known as switching barriers, which basically involves the cost associated with changing of brand or service provider.
Hence, the cost of changing to another bank represents Sandy's Switching Cost.
Answer:
b. Switching cost
Explanation:
The cost of Sandy changing to another bank represents Sandy's switching cost.
Switching cost refers to the cost incurred by a customer as a result of changing brands or produce.
An individual or Customer can decide to change brands, product or suppliers at a particular time due to a number of reasons. The cost of that change is called switching cost.
Customers usually switch product if it is discovered that the new product has more benefits than the previous product.
The cost of switching can be
• Time costs: The cost of time Sandy used to change to another bank.
•Effort-based cost: The effort Sandy directed to changing her bank.
• Psychological cost: This is the is the cost of determining whether the new bank will be better than the former bank.
Answer:
Explanation:j
No, because the interest charged by her credit card will be less than the interest charged by the payday lender.
Yes, because payday loans do not charge extra fees or interest to extend a loan.
Yes, because the interest charged by the payday lender is less than the interest rate of her credit card.
Answer:
Since the price of shoes is lower than equilibrium price, at $50 there is a demand surplus because consumers would be willing to pay more for the shoes. That demand surplus will result in an excess demand, that is why consumers are willing to buy 1,000 pairs of shoes but since the price is too low, suppliers will only sell 500 pairs.