Are airline tickets more expensive a few months before the flight or one day or several hours before the plan takes off? Explain your answer.

Q: A necessity is defined as a good having

A: To find : What is definition of necessity.

Q: i need the answer quickly

A: Japan has absolute advantage in the production of cars as it can make 80 cars in 2400 hours whereas…

Q: A customer says to a salesperson 'How much for that television?". What is this an example of? An…

A: The economics as a study is based upon the basic idea of the limit to the resources which are there…

Q: State whether true or false # Bread is always a consumer good

A: --> As the name suggests, consumer goods are the goods which are bought to use by the consumers.…

Q: Why the hospitality industry is important to the society? What are the advantages of working in…

A: Hospitality industry includes hotel , transportation or tourism services etc.  It is services based…

Q: Why is the cost of serving a long-standing customer far less than the cost of acquiring a new…

A: Customer retention signifies the process by which business firms are able to retain its clients for…

Q: the quantity of a good or service which consumers want and have the ability to purchase

A: Quantity- It is the number or amount of goods or services.

Q: Let’s say that you need a car. How would you go about deciding which car to buy?

A: The mechanism by which a person or a company decides the course of action to take is referred to as…

Q: How does change in price affect CONSUMER OPPORTUNITIES?

A: Microeconomics refers to the branch of economics that is concerned with a single factor and affects…

Q: Blair has vast riches and consumes thousands of dollars' worth of consumer goods each week, yet she…

A: It is a common phenomenon that the people with vast rich is also not satisfied with the consumption…

Q: I need help with explanation

A: Consumers surplus: It is the measurement of the benefit that the consumer derives from buying a…

Q: I need all of number 4

A: Thank you for the question. According to Bartleby's answering guidelines, we answer only the first…

Q: "Wants are not limitless. This can be proven. I get all the breakfast I want every morning." Explain

A: It is possible that you get all the break fast you need on a specific morning, however, will that…

Q: List advantages and disadvantages of going on a family trip or staying to attend classes so that I…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: I want quickly

A: Economic profit=Revenue-(explicit+implicit cost) =1,35,000-(30,000+40,000+10,000+20,000)+(15,000)…

Q: A student decision about how to allocate his time between studying two subjects ?

A: A student is an individual.

Q: What would be the story to this question?

A: Effects of a shock involving a decrease in money supply can be well explained through the use IS-LM…

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: Is buying a steak at the restaurant considered a good or service?

A: Answer: Introduction: Goods: goods are those things that have a physical presence. In other words,…

Q: What is CDS? Please explain it briefly in your own words.

A: A credit default swap is a financial derivative tool that is used to swap the risk of loan default.…

Q: How much is steve willing to pay for one bag of potato chips?

A: Demand refers to the willingness and ability of the consumer to pay for goods and services.

Q: Based on the Customer Social Responsibility program, what are other areas that you think need…

A: Customer Social Responsibility program is a conscious business model aiming at making firms more…

Q: What are your three choices for reducing the amount of time spent waiting in traffic? What…

A: as an rational consumer or human beings the use of resources we should prefer in efficient and…

Q: Which of the following is a very important tip you should do before submitting your cover letter?

A: b) Have someone else read it

Q: At a price of $100, domestic consumers demand how many boxes of contacts?

A: Demand is an economic theory that refers to a consumer's desire to buy products and services as well…

Q: Multiple Choice an increase in incomes if the product is a normal good. a decline in the number of…

A: An increase in incomes if the product is a normal good.

Q: When people make a choice it is something the basis is more benefit than cost more useful to you…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Diamonds have a greater marginal utility than water. True or False? Explain.

A: Labour theory of value: the labour theory of value refers to the labour invested in a particular…

Q: Are you able to assist me with the last two questions?

A: The Gini coefficient determines income distribution across a population. Created by the Italian…

Q: Rational decisions are made through a process (a) that takes a long time and much effort (b) of…

A: Rationality may be defined as an ability and willingness to follow a reasoned, unemotional and…

Q: Distinguish among three variations of the consumer purchase decision process: extended, limited, and…

A: There are three variations of the customer purchase decision process: extended, limited, and routine…

Q: Does only making money advance the automobile’s goals or are there perhaps additional reasons that…

A: Operational Budgeting definedBudgeting is a part of the management manner by way of which “managers…

Q: dentify an experience good. Identify a search good. How does the retailing of the experience good…

A: Experience goods are considering to those goods whose valuation cannot be done before buying that…

Q: Write a few sentences from the point of view of a first-time buyer when home appliances became…

A: The following problem has been solved as follows:

Q: Exchange means getting a desired object without having to give anything.

A: The subject matter that is based on the theory of exchange is economics. It explains that resources…

Q: why is that quality delivery and price expectations of the customer should be considered in the…

A: When talking about transformation process, it refers to the process of substitution one or more…

Q: I want a detailed explanation please

A: Given: Fixed cost of a company = 1200 OMR  Variable cost = 2 OMR /unit  Demand function P = 100/√x…