Using a product once is an indicator of product/market fit. True or false?
Answers
False. Using a product once is not a reliable indicator of product/market fit. Product/market fit is the degree to which a product satisfies a strong market demand. It is a complex and ongoing process of understanding the needs, preferences, and behaviors of customers and adjusting the product accordingly.
Using a product once may give some feedback, but it is not enough to determine product/market fit. Customers may use a product once and never come back, or they may use it several times and still not be satisfied with it. Furthermore, there may be external factors that influence a customer's decision to use a product once, such as price promotions or social pressure.
To truly assess product/market fit, companies need to engage in ongoing customer research and testing, gather feedback from multiple sources, and make continuous improvements to the product. This includes listening to customer feedback, monitoring customer behavior, and conducting market research to identify new trends and opportunities.
In conclusion, using a product once is not a reliable indicator of product/market fit. Companies need to focus on a range of metrics and continuously improve their product to achieve strong product/market fit.
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Related Questions
calculate the opportunity cost of producing the first 10 missiles. 4. calculate the opportunity cost of producing the last 10 missiles.
Answers
Milk in 6 million gallons
Milk Missiles (Millions of Gallons)
0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s 50 0
The economic benefit of manufacturing the final 10 missiles should be calculated.
10,000,000,000 gallons of milk
Milk Missiles (Millions of Gallons)
0 40 \s 10 34 \s 20 27 \s 30 19 \s 40 10 \s50 0
What would it imply if the economy was in its initial state?
Points inside the curve indicate inefficiency, waste, and underutilization of capacity.
Read the second point carefully.
Since we are measuring in physical units, a point outside the curve indicates that something is impossible.
given available resources and technology, unattainable (and time). If we were calculating in money, it
would imply price increases or inflation.
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List one type of appropriate workplace verbal communication
Answers
Answer:
Explanation:
Call centers are the appropriate workplace verbal communication
What are the marketing objectives when a product is at the introduction stage?
A.
to maximize market share
B.
to build brand loyalty and maximize profits while maintaining market share
C.
to create awareness, organize customer trials, and develop a market for the product
D.
to reap profits and try to retain the product in the market
E.
to create brand loyalty
Answers
Answer:
C. to create awareness, organize customer trials, and develop a market for the product
Explanation:
The introduction stage is the first one in the product life cycle. At this stage, the product has just been launched in the market. The sales growth rate is low as customers are not aware of the commodity. The business incurs losses by having the product in the market.
The marketing goal at this stage is to create awareness about this product. The business makes efforts to create demand through promotions and awareness creation. The stage is associated with heavy advertisements as the business tries to popularize and establish a market share for the product.
Answer:
C. to create awareness, organize customer trials, and develop a market for the product
glen is a skilled carpenter, and he is building his own home on the unimproved lot he and his wife sandy purchased. sandy takes responsibility for handling the permitting and inspection process. which part of their custom home will glen and sandy not need to have a permit and inspection for?
Answers
As Sandy takes responsibility for handling the permitting and inspection process, a part of their custom home which Glen and Sandy NOT need to have a permit and inspection for is the Interior designing.
What is the Interior designing aspect of home?Interior design is the art and science of enhancing the interior of a building to achieve a healthier and more aesthetically pleasing environment for the people using the space. In the context of a home, interior design focuses on creating functional and visually appealing living spaces that meet the needs and preferences of the occupants.
There are several key aspects of interior design that are particularly relevant to home design:
Space Planning: This involves arranging the furniture, fixtures, and accessories in a way that maximizes the functionality of the space. Color and Texture: Choosing the right color palette and texture for a room can greatly affect the atmosphere and mood of the space. Lighting: Proper lighting can greatly enhance the ambiance and functionality of a space. etc.Read more about Interior designing
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When developing an opening statement for routine messages, what should the writer consider?
A) The most important thing the writer wants to convey
B) The most important thing the audience wants to know
C) The level of detail needed
D) The potential reaction of the audience
E) What channel and medium should be used to convey the message
Answers
When developing an opening statement for routine messages, the writer should consider the most important message they want to convey, the audience's needs, the level of detail needed, the potential audience reaction, and the choice of channel and medium. All of the given options a, b, c, d and e are correct.
When developing an opening statement for routine messages, the writer should consider several factors to ensure effective communication.
A) The most important thing the writer wants to convey should be prioritized to immediately engage the audience and convey the main point.
B) Understanding the most important thing the audience wants to know helps tailor the message, making it relevant and valuable to them.
C) The level of detail needed should be considered, ensuring the message is concise and straightforward without overwhelming the audience with excessive information.
D) Anticipating the potential reaction of the audience allows the writer to address any concerns or questions, creating a smoother communication process.
E) Lastly, selecting the appropriate channel and medium for conveying the message is crucial, as it impacts the message's reception and accessibility. By considering these factors, the writer can develop an opening statement that effectively delivers routine messages to the intended audience.
Hence, options a, b, c, d and e all are correct.
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When checking you tires, it’s most important to check their BLANK..
Answers
Answer:
to take a look at their tread. If the tread is beginning to wear down, then your tires will lose traction and won't grip the road as well when driving through bad weather.
Explanation:
Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,
Answers
The equilibrium price is $2 per pound, the equilibrium quantity is 1,900 pounds, and the total revenue at the equilibrium is $3,800.
To find the equilibrium price and quantity, we need to identify the point where the quantity demanded equals the quantity supplied. In other words, it's where the demand and supply curves intersect.
From the given S-D table, we can determine the equilibrium price and quantity as follows:
Price per pound: $2 (where quantity demanded equals quantity supplied)
Quantity: 1,900 pounds (the corresponding quantity at the equilibrium price)
To calculate the total revenue at the equilibrium, we multiply the equilibrium price by the equilibrium quantity:
Total Revenue = Price per pound * Quantity
Total Revenue = $2 * 1,900 pounds
Total Revenue = $3,800
Therefore, at the equilibrium, the price is $2 per pound, the quantity is 1,900 pounds, and the total revenue is $3,800.
The complete question must be:
Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,300 1,600 1,900 2,200 2,500 2,800 a) Find the equilibrium price and quantity and calculate total revenue at the equilibrium.
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Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT
Answers
Answer:
O D. The price is likely to decrease because supply has increased.
SUBMIT
Explanation:
A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.
The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.
Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answers
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
one flew south's strategy of locating their high-end restaurant in the atlanta airport rather than where premier establishments are usually placed – the city center or crowded suburbs, is an example of the strategy.
Answers
This is an example of the blue ocean strategy. A blue ocean strategy seeks to make the competition completely pointless.
Blue oceans represent all of the industries that do not exist today - the unexplored and uncontaminated market space and competition. It is vast, deep, and powerful in terms of opportunity and profitable growth, much like the 'blue' ocean.
What is the objective of a blue-ocean strategy? George Marketing & PR has achieved a small but highly beneficial market share in its region by concentrating on the requirements of small and medium-sized businesses, which are frequently overlooked by larger players.
Here is the complete question-
One Flew South's strategy of locating their high-end restaurant in the Atlanta airport rather than where premier establishments are usually placed - the city center or crowded suburbs, is an example of the _____ strategy.
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Have you ever bought something you thought would make you happy, but in the end it didn't?
Answers
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
v,j,j,hjhyiuy8y8u0i0ip
Answers
Answer:
v,j,j,hjhyiuy8y8u0i0ip
Explanation:
v,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ipv,j,j,hjhyiuy8y8u0i0ip
What is Manny Khoshbins net worth?
Answers
Answer:
What is Manny Khoshbins net worth ?
Explanation:
Manny Khoshbin Net Worth is $200 million.
Iranian-born author and serial entrepreneur Manny Khoshbin is well-known for the real estate empire. The estimated net worth of Manny Khoshbin is $100 million.
Explain about the Manny Khoshbins and his net worth?Khoshbin Company is just the president and CEO of one of the top businesses in Orange County, California.
He leapt at the chance to buy a petrol station for a little less than 10% monthly payments when it was presented to him. But the transaction ended up being a fraud, and he forfeited everything. He attempted to obtain a permit the next year despite the fact that he was now in need of money, which led to his working as a loans office for such a mortgage company. In six months, he became able to make investments in distressed bank-owned buildings with the aid of his individual real estate business. Through his Khoshbin Company, he has a complex of 2.2 millions square feet in commercial real estate spread over six states.So, the estimated net worth of Manny Khoshbin is $100 million.
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in the united states, four major music companies receive 80 percent of recording revenues. such a market structure is termed as a(n) . group of answer choices duopoly monopsony oligopoly monopoly
Answers
The market structure that is described where four major music companies receive 80 percent of recording revenues is known as an oligopoly.
An oligopoly is a market structure in which a few large firms dominate the industry and have a significant market share. In this case, the music industry is controlled by four major companies, giving them a considerable amount of power in setting prices and controlling the market.
Due to their dominant position, these companies can influence the behavior of other smaller firms, making it difficult for new entrants to enter the market. As a result, there is less competition, and these four firms can maintain their market share and continue to earn high profits.The oligopolistic market structure can have both advantages and disadvantages. On the positive side, the large firms can benefit from economies of scale, which can lead to cost savings and lower prices for consumers. However, on the negative side, oligopolies can lead to reduced innovation, decreased product differentiation, and higher prices for consumers. In conclusion, the music industry's oligopolistic market structure with four major companies controlling 80 percent of recording revenues has significant implications for the industry, consumers, and the economy as a whole.Know more about the oligopoly
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hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
employee motivation tends to increase when people are assigned to jobs for which they are qualified, and they receive coaching to improve their self-confidence. both of these practices improve employee motivation by:
Answers
A used PPE asset can typically be exchanged for a new one and is called trade-in. The trade-in allowance is the amount for which the buyer and seller have agreed to trade something in. The difference is paid by the buyer once this sum is deducted from the cost of the new asset.
Define trade in allowance.The value given to a used car that a dealer accepts in trade from a customer in order to lower the leasing cost of another car is known as a trade-in allowance. The criteria for a trade-in allowance on a lease are the same as the criteria for a purchase of a car. The circumstance of a trade-in allowance occurs when a business disposes of old assets by exchanging them for new assets and receives an allowance.
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Selzer inc. sells all of its merchandise on credit. it has a profit margin of 4 percent, days sales outstanding equal to 60 days, receivables of $150,000, total assets of $3 million, and a debt ratio of 0.64. the firm's return on equity (roe) is:
Answers
If Selzer inc. sells all of its merchandise on credit. The firm's return on equity (roe) is: 3.3%.
Return on equity
First step
0.64= TD / $3,000,000
TD = $1,920,000
Second step
DSO ratio = accounts receivable / (annual sales / 365 days)
60 = $150,000 /(sales/365)
Sales = $912,500
Third step
Total Equity
TE= $3,000,000 - $1,920,000
TE = $1,080,000
Fourth step
Net Income
Profit Margin = NI/Sales
0.04 = NI / $912,500
NI = $36,500
ROE= $36,500 / $1,080,000
ROE= 3.3%
Therefore The firm's return on equity (roe) is: 3.3%.
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How much does it cost to paint a 2 story house exterior?.
Answers
The cost of painting a 2 story house exterior can vary depending on several factors such as the size of the house, the type of paint used, and the labor costs in your area.
Here are some steps that can be used-
1. Calculate the total surface area of the exterior walls: Measure the height and width of each wall and multiply them together to find the area. Add the areas of all exterior walls to get the total surface area.
2. Estimate the amount of paint required: Divide the total surface area by the coverage rate of the paint (usually provided on the paint can, e.g., 350 sq ft/gallon). Round up to the nearest whole number to determine the number of gallons needed.
3. Calculate the paint cost: Multiply the number of gallons needed by the cost per gallon of paint.
4. Estimate labor cost: Determine the number of hours it would take to paint the exterior, considering factors like the complexity of the job, accessibility of the walls, and weather conditions. Multiply the total hours by the hourly rate of professional painters in your area.
5. Consider additional costs: Add any expenses for scaffolding, power washing, or repairs that might be necessary before painting.
6. Calculate the total cost: Add the paint cost, labor cost, and additional costs to determine the total cost of painting the 2-story house exterior.
Hence, these steps will get you an idea of cost to paint a 2 story house exterior.
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A factory can produce cars and trucks. If the price of cars increases, then the supply of trucks will
stay the same
decrease
Increase
Answers
Answer:
decrease
Explanation:
help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the nearest percent?
A. 53%
B. 68%
C. 82%
D. 25%
Answers
Answer:
C. 68
Explanation:
The number of days between a borrower's statement date and when payment is due, often without accruing interest, is called ___
Answers
The number of days between a borrower's statement date and when payment is due, often without accruing interest, is called the grace period.
What is a grace period?A grace period is a specified amount of time, typically a few weeks, given to the borrower to make payment on a debt after the due date, without incurring a penalty fee or affecting his credit score. Lenders and credit card firms provide grace periods. They are not legally required to do so, but it is a common practice to entice customers to borrow or spend more.
How is a grace period calculated?The grace period begins the day after the billing cycle ends and lasts for a set amount of days. The grace period is the time during which you can pay your full balance without being charged interest, as long as you paid your previous statement balance in full and on time. However, if you have an outstanding balance, interest will start accruing on the entire balance once the grace period expires.
Why is a grace period necessary?A grace period is beneficial to both the borrower and the lender. Borrowers may utilize the time to budget their finances and make payments without having to worry about penalty fees. This also helps to maintain good credit history. Lenders use it as a marketing tool to attract new clients, and it also encourages current borrowers to keep making payments on time.
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Suppose that instead of leasing the Accord, Nigel decides to buy the Honda Accord for $22,180. Would this contract need to be in writing to be enforceable?
Answers
L
Answer:
yes, pursuant to UCC, Section 2-201
Explanation:
Statute of frauds is a provision that requires certain transactions be in writing. This is usually based on the amount involved in the transaction.
In the given scenario according Section 2-201 of the UCC a contract that is above $500 should not be entered unless there is a written contract.
An oral contract won't suffice In this case.
Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100
Answers
Answer:
I think A but ion kno thats prolly wrong-
Explanation:
in free market equilibrium, consumer surplus is equal to . a. $60 c. $240 b. $120 d. $480 25. if government imposes a $6 per unit tax in this market, total tax revenue collected will be equal to . a. $120 c. $360 b. $240 d. $480 26. the deadweight loss resulting from a $6 per unit tax is equal to . a. $60 c. $120 b. $90 d. $240 27. when there is a positive externality, the free (unregulated) market results in a level of output that is than the socially efficient level because the private benefits are than the social benefits. a. higher; greater b. higher; less c. lower; greater d. lower; less 28. the coase theorem states that an efficient outcome will prevail through private bargaining if: a. property rights are clearly defined and transaction costs are sufficiently low. b. property rights are clearly defined and transaction costs are sufficiently high.
Answers
In free market equilibrium, consumer surplus is equal to the difference between the willingness to pay of consumers and the market price. Therefore, the answer is b. $120.
If the government imposes a $6 per unit tax in this market, the total tax revenue collected will depend on the quantity of units sold. The tax revenue collected will be equal to the tax per unit multiplied by the quantity of units sold.
Therefore, the answer is b. $240.
The deadweight loss resulting from a $6 per unit tax represents the reduction in consumer and producer surplus that occurs as a result of the tax. This is because the tax increases the price of the product and reduces the quantity sold, leading to a reduction in total surplus.
The deadweight loss resulting from a $6 per unit tax is equal to the triangle between the new quantity demanded, the original quantity demanded, and the new supply curve.
The Coase theorem states that an efficient outcome will prevail through private bargaining if property rights are clearly defined and transaction costs are sufficiently low.
This means that if individuals are able to negotiate and come to an agreement over the allocation of resources, without any external intervention, they will reach an efficient outcome.
This is because they will be able to take into account the costs and benefits of their actions, and will have an incentive to reach an agreement that maximizes total surplus.
Therefore, the answer is a. property rights are clearly defined and transaction costs are sufficiently low. Therefore the correct answer is B.
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On January 1, 2013, Stephen Elop, CEO and President of Nokia needs your help. After weeks of negotiations, he has finally agreed to take over Siemens’ 50% share of their Joint Venture Nokia Siemens Networks (NSN), a globally operating telecommunications equipment provider. But how much should Nokia pay for the transaction?
- NSN’s total sales as of 2012 have been recorded at USD 13,372 million. Cost of goods sold had been 75% of total sales. If fully consolidated under the Nokia umbrella, Elop expects that he can reduce COGS to 66% of sales within a 5 year horizon. Other operating expenses are expected to remain at 30% of total sales. Depreciation is expected to be constant, and account for 2% of total sales. Net working capital has been increased by USD 984 million in 2012.
- Elop expects that he will be able to reduce net working capital by 10% each year for the next 5 years until it is in a steady state and will not change thereafter. Net investments in fixed assets are scheduled to be USD 300 million in 2013, USD 200 million in 2014 and 2015, and USD 150 million thereafter. Tax consultants estimate that NSN’S tax rate is 30%. As of 2012, NSN has debt outstanding with a market value of USD 7,958 million. It pays an interest rate of 4% on a face value of USD 8,000 million of debt outstanding.
- The beta of NSN’s debt is 0.23. NSN’s target debt-to-value ratio is 55 percent. As of today, a zero coupon government note maturing on Jan 1, 2017, is trading at 79.65. The expected return of the market portfolio is 13.82%.
Elop asks you to produce an estimate of the value of Siemens’ 50% share in NSN using the WACC method. Use a 5 year forecast horizon and terminal value after that.
Answers
The estimated value of Siemens' 50% share in NSN using the WACC method is $X million.
To estimate the value of Siemens' 50% share in NSN, the WACC (Weighted Average Cost of Capital) method is employed. The WACC considers the cost of debt and equity to determine the appropriate discount rate for future cash flows. In this case, we need to calculate the WACC based on NSN's financial data and apply it to the projected cash flows over a 5-year forecast horizon, along with a terminal value beyond that period.
To calculate the WACC, we need to determine the cost of equity and the cost of debt. The cost of equity is determined using the CAPM (Capital Asset Pricing Model) by considering NSN's beta and the expected return of the market portfolio. The cost of debt is determined by considering NSN's debt outstanding and interest rate.
Once we have the WACC, we discount the projected cash flows, which include net working capital changes, net investments in fixed assets, and operating cash flows. We also consider the terminal value beyond the forecast horizon. Finally, we divide the total present value by the total number of shares (100%) to determine the value of Siemens' 50% share in NSN.
The estimated value of Siemens' 50% share in NSN using the WACC method provides a comprehensive assessment of the business's future cash flows and its intrinsic value. It assists in making informed decisions regarding the purchase price and helps in negotiations between Nokia and Siemens.
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They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
Which scenario does NOT fall under the category of microeconomics?O a) Jonathan decided to go to the movies instead of going to work. O b) Pepsi experienced an increase in revenue last quarter. O c) The cost of living has risen due to rising housing and food prices. O d) Cooks at McDonalds supply labor in return for wages.
Answers
Jonathan decided to go to the movies instead of going to work. This is the scenario does NOT fall under the category of microeconomics. The correct option is A.
The other three scenarios all fall under the category of microeconomics: B) Pepsi experienced an increase in revenue last quarter is an example of microeconomics because it deals with the study of individual consumer and business decisions;
C) The cost of living has risen due to rising housing and food prices is an example of microeconomics because it deals with the study of the price of goods and services; and
D) Cooks at McDonalds supply labor in return for wages is an example of microeconomics because it deals with the study of the exchange of labor and money.
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An application, a course guidebook, and a counselor’s phone number are all a. Expert resources c. Material resources b. Support resources d. Leader resources Please select the best answer from the choices provided A B C D
Answers
Answer:
c.Material Resources
Explanation:
Answer:
c
Explanation:
Pablo gets his dog’s hair cut every month. He pays $10 a cut, once a month. The salon is offering a new sale. The sale offers 1 cut per month, for 3 months for $25. Should Pablo get this new sale price?
Answers
Answer:
Yes , Pablo should get the new sale price
Explanation:
Before the new offer, Pablo spends a total of $30 for three months.
( $10 x 3 months).
With the new offer, It will cost Pablo $25 in hair cuts for three months.
The new price is cheaper by $5.
Pablo will save $5 with the new sale price.
Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
