Customer service is the assistance and advice provided by a company to those people who buy or use its products or services. Each industry requires different levels of customer service, but towards the end, the idea of a well-performed service is that of increasing revenues.
Consumers are most likely to engage in the activity of growing vegetables in a home garden. The Option C.
A consumer would most likely engage in growing vegetables in a home garden. This activity allows individuals to cultivate their own produce, providing them with fresh and nutritious options right at their doorstep.
Gardening has become a popular hobby for many people who value self-sufficiency and the satisfaction of seeing their efforts yield tangible results. By growing vegetables at home, consumers also reduce their reliance on store-bought produce and have greater control over the cultivation process ensuring the use of organic and sustainable practices.
Full question:
Which activity would a consumer most likely perform? A) filling a lawnmower with gas B) answering phones in an office C) growing vegetables in a home garden D) helping mow lawns in the neighborhood
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ANSWER: Growing vegetables in a home garden
b. What if she only had $2 to spend?
Explanation:_______
a. Janice will purchase potatoes until the value of potatoes is less than the cost of potatoes or until her income has been exhausted. For example, assume Janice has $5.00 to spend on potatoes or other items and the cost of a pound of potatoes is $1. Now assume the first pound of potatoes is worth $1.50 to Janice. She will purchase this pound of potatoes, since the value of the pound of potatoes ($1.50) is greater than the cost ($1). If the second pound is worth $1.14 and the third pound is worth $1.05, then Janice will purchase these as well, since the value exceeds the cost of $1. If all remaining pounds are worth $0.30, then Janice will not purchase these because the value is less than the cost. Thus, Janice will purchase 3 pounds of potatoes at a total cost of $3.00.
b. Now assume Janice only has $2.00 to spend on potatoes. She will purchase the first pound because it is worth $1.50 to her and it only costs $1. She will purchase the second pound because it is worth $1.14. She has now spent her entire income on potatoes. She would like to purchase the third pound because the value of this pound of potatoes is $1.05, but she does not have the income to make this purchase. Thus, Janice will purchase 2 pounds of potatoes at a total cost of $2.00.
Answer:
A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).
Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.
B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.
first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50
second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14
B) Self-interest motivates buyers.
C) People have less economic freedom.
D) People have no property rights
The answer is B.
The 5 characteristics of a market economy are ability to own private property, freedom of economic choice, motivation by self interest, competition and limited government intervention. A sounds more socialist, as that would imply the government supplies the people with goods such as food, instead of leaving it to private enterprise.
Hope this helps.
Characteristic of a market economy is self-interest motivates buyers.
A Market economy is an economic system regulated by supply and demand, not the government. Most of the resources, equipment, buildings, goods, and services in a market economy own by individual and private business. Most economic decisions are made by buyers and sellers, not the government.
Characteristics of market economy are:
Another type of economic system is a market economy, traditional economy, and a mixed economic system. Nowadays, many command economies began adding aspects of the market economy, we call it a mixed economic system.
The goal of the command economy brainly.com/question/1362251
Characteristic of a command economy brainly.com/question/2065265
The function of the economic system brainly.com/question/12060180
Keywords: command economy, central government, characteristic of a command economy, economic system