Business, 05.05.2020 09:33 DesperatforanA

For each of the scenarios listed, determine the principle illustrated by each person's reasoning.

a. Suppose Lucia, the seller of the digital camera, knows the camera works well—she is only selling it because she got a better model as a gift. She thinks about asking $45 and offering a guarantee: She will replace the digital camera with a new $175 digital camera if it turns out not to work. Then she thinks, "That's not a good idea! Someone can just buy it, handle it carelessly, and, if it breaks, can pretend it didn't work and get a new digital camera for $45—meanwhile, I'll be out $130!"

b. Suppose Kyoko buys the new car seat from the national retail chain, thinking "Someone would ask $30 for a used car seat only if it didn't work well."

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 02:40

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Answers: 3

Answer

Business, 22.06.2019 09:40

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Answers: 1

Answer

Business, 22.06.2019 12:10

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Answers: 1

Answer

Business, 22.06.2019 12:50

Suppose the real risk-free rate and inflation rate are expected to remain at their current levels throughout the foreseeable future. consider all factors that affect the yield curve. then identify which of the following shapes that the u.s. treasury yield curve can take. check all that apply.

Answers: 2

Answer

You know the right answer?

For each of the scenarios listed, determine the principle illustrated by each person's reasoning.

Questions