Answer: B Influencer
Explanation: The family without a doubt is a major influence on the consumer behaviour of its members. There are many examples of how the family influences the consumption behaviour of its members.
The importance of the family or household unit in consumer behavior arises for two reasons:
1. Many products are purchased by a family unit.
2. Individuals’ buying decisions may be heavily influenced by other family members.
How families or households make purchase decisions depends on the roles of the various family members in the purchase, consumption, and influence of products. Regardless of how many family members are present when items are being purchased, the other family members play an important role in the purchase.
Answer:
B. Marginal social benefit is greater than marginal private benefit.
Explanation:
When consumption of a good generates a positive externality, the statement is true at the market equilibrium is marginal social benefit is greater than marginal private benefit. As we hold a perception of this permanence concerning some positive externality signifies that marginal social benefit remains higher aside from marginal private benefit. Ended consuming simply quantity Q, marginal social benefit is a higher marginal social cost, including higher of the good, should be absorbed.
In a situation of positive externality, the marginal social benefit of a good or service exceeds the marginal private benefit at the market equilibrium, leading to societal underconsumption of the good or service.
When consumption of a good generates a positive externality, the correct statement would be that the marginal social benefit is greater than the marginal private benefit. A positive externality occurs whenever the consumption of a good or a service by an individual has a beneficial impact on others who are not directly involved in the transaction.
The marginal private benefit essentially represents the individual user's private gain from consuming an additional unit of a good or service. On the other hand, the marginal social benefit reflects the total benefit to society, considering not only the individual's private benefit but also the positive impact on others.
Thus in the case of a positive externality, the marginal social benefit exceeds the marginal private benefit at the market equilibrium, effectively leading to an underconsumption of the good from a societal perspective, because individuals account only for their private benefit and not for the external benefits generated by their consumption.
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Answer:
Taking these three transactions into account, what is the effect on GDP?
c.GDP increases by $5.00
Explanation:
The Gross Domestic product usually abbreviated as the GDP, is a measure of how much a goods and services a country can produce during a particular time period. The quantity of goods and service is usually expressed in monetary terms. it serves a a broad measure of a country's overall economic status. A higher GDP usually implies that the quantity of goods and services being produced in monetary terms is very high, there for it can be concluded that the general health of the economy is good.
To determine the GDP in our case, we need to determine the total value of a finished product to determine how much the GDP changes. The intermediate good is not included since it is not sold as a finished product but as a raw material in the production of a finished product. The following commodities are sold as finished products, for example; the bread and the second bag of floor. The change on GDP is as follows;
Change in GDP=Final GDP-initial GDP
where;
Change in GDP=unknown, to be determined
Final GDP=0+3+2=$5.00
initial GDP=assumed to be 0
replacing;
Change in GDP=5-0=$5.00
The effect on GDP is an increase of $5.00.
For a wedding with an overall romantic theme and ruffle and lace accents, flowers like Baby's Breath and Queen Anne's Lace are ideal for large, lacelike centerpieces. Their soft and delicate patterns match the overall theme of the event and can contribute to creating the desired romantic atmosphere.
In your role as a wedding-floral consultant, it will be essential to match the flowers to the theme of the event. Given the romantic theme with a lot of ruffle and lace accents, flowers that naturally have a soft and delicate aesthetic would be ideal. The best flowers that express these characteristics are Baby's Breath and Queen Anne's Lace. Baby's Breath has small, airy white blossoms on a bushy plant, creating the effect of a cloud. This can give a voluptuous yet ethereal feel to the decorations. Queen Anne's Lace, on the other hand, has a delicate, lacy pattern, which nicely compliments a wedding that features prominent lace accents. Either one, or even a combination of both, could work very well for a lacelike centerpiece that matches the overall romantic theme of the wedding.
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