What term would an economist use to describe what happens when a shopper gets a good deal

Question:

What term would an economist use to describe what happens when a shopper gets a “good deal” on a product?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

See More Books

Question Posted: Oct 29, 2023 09:30 AM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
4. In cells B4:B15, type a yearly salary for each staff member. Format these values as Currency with no decimal places. 5. Calculate the new salary with a 10% increase in column C. 6. Calculate the...
What are some potential problems with using anonymous whistle-blowing systems?
Show how the Prisoners Dilemma led to massive doping in international track and field. What can authorities do to prevent doping from becoming a dominant strategy?
A cantilever beam with an end mass $m$ is fixed at the top of a multistory building to measure the acceleration induced at the top of the building during wind and earthquake loads (see Fig. 10.48)....
Wildwood Nursery, with an authorization of 50,000 shares of preferred stock and 400,000 shares of common stock, completed several transactions involving its stock on June1, the first day of...
5. If Y(f)=H(f) X(f) prove that y(t) is the convolution of x(t) with h(t), i.e., 00 y(t)= h(t)*x(t)= x(t) h(t-t) dt -00
Explain why voluntary transactions improve social welfare.
Can you propose a policy that would induce the market to supply more rental housing units?
In what ways might antitrust laws place too great a burden on commerce in the global marketplace?
Describe the 6 fundamental principles (e.g. functions) of an operating system giving examples of how a common operating system demonstrates these Security User interface Peripheral control Resource...
The Chamberlain Corporation has accounts receivable turnover equal to 16 times. If accounts receivable are $80,000, what is the value for average daily credit sales? (Use 365 days in a year. Round...
Discuss the postmodernist elements and fragmented narrative structure employed by Thomas Pynchon in "Gravity's Rainbow," and how these techniques reflect the uncertainty and paranoia of the...
The distance between the planes of a crystal is sought using a diffractometer. X-rays with a wavelength of 0.135 nm are used, and the angle for the first order diffraction is 0 9.94. What is the...
Determine the number of zeros of the polynomial function. f(x) = x + 4x + 1 zero(s)
A simple random sample of size n = 19 is drawn from a population that is normally distributed. The sample mean is found to be 0.8, and the sample standard deviation is found to be 0.4. Test whether...
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
Gasoline is piped underground from refineries to major users. The flow rate is 3.00 10-2 m3/s (about 500 gal/min), the viscosity of gasoline is 1.00 10 -3 (N/m 2 ) s, and its density is 680 kg/m3....
What is the Fahrenheit temperature of a person with a 39.0oC fever?
(a) Suppose a cold front blows into your locale and drops the temperature by 40.0 Fahrenheit degrees. How many degrees Celsius does the temperature decrease when there is a 40.0oF decrease in...
Organizations consist of individuals with different experiences, backgrounds, and motivations. Studying individual behavior in the context of the larger group helps understand how it affects...
Big Bertha Company expects to produce and sell 9,000 units of a single product. Management desires an 18% return on assets of $1,750,000. The following additional company information is available:...
Rough endoplasmic reticulum is characterized by what?

What term would an economist use to describe what happens when a shopper gets a good deal

Question:

Step by Step Answer:

An economist would typically describe getting a good deal on a p...View the full answer

Principles Of Economics

Students also viewed these Business questions