0
If an ecIonomist for a bicycle company predicts that other things equal a rise in consumer incomes will increase the demand for bicycles. This prediction is based on the assumption that?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
What is the assumption of the indifference curve?
There are 4 basic assumptions for indifference curve 1. Analysis is restricted to goods that yield positive marginal utility, or simply, more is better. 2.Marginal rate of substitution, MUx/MUy, or the ratio at which a household is willing to substitute Y for X. As you consume more of X and less of Y, X becomes less valuable in units of Y 3. Consumer have the ability to choose among the combination of goods and services available. 4. Consumer choices are consistent with a simple postulate of rationality. if A consumer prefer A to B and B to C , then when confronted consumer will prefer A to C as well.
What is exact definition of consumer awareness?
consumer awareness is the knowlege that a consumer should have about his/her legal rights and duties.It is must for a consumer to follow these rights.It is implemented fr the protection of the consumer,so that the consumer is not exploited by the seller of the products.
What condition must exist to make a demand curve accurate?
The condition is that the demand curve can only be accurate as long as there are no changes other than price that could affect the consumer's decision. In other words, a demand curve is accurate only as long as the ceteris paribus assumption is true. - You're WelCUM
What is an example of consumer equilibrium?
consumer protection
Which is a dimension or assumption of the marginal-utility theory of consumer behavior?
The consumer has a small income.
What consumer goods are in North Dakota?
Consumer goods found in North Dakota include clothing, shoes, food, beverages, electronics, cleaning products, furniture, jewelry, bicycles, appliances, and gasoline.
What assumption does consumer protection make about consumers?
Consumer protection assumes that consumers don't have full information from manufacturers and service providers about the products they are using and purchasing. Consumer protection handles the lack of transparency between producers and consumers.
What refers to the role of the consumer as ruler of the market?
Nothing. In capitalist society rules a legal assumption that every customer possess encyclopedic knowledges about goods. -Friedrich Engels
What refers to the of the consumer as ruler of the market?
Nothing. In capitalist society rules a legal assumption that every customer possess encyclopedic knowledges about goods. -Friedrich Engels
A tv commercial guarantees that a pill will prevent hair loss A consumer takes the pill but still loses his hair For what can he sue the makers of the pill?
assumption of risk the actual answer is.. breach of warranty.. pg 35
Is a water a consumer or producer?
Producer Hope it helps 😊
If an account was opened four years ago and has not had any activity or payments since and SOL in NJ is 3 years can a comp. do much?
No. This doesn't mean a collector won't contact you. There are agencies who work on the assumption that a consumer is not informed about SOL's and consumer rights. If that happens you have a solid legal defense. Unless there has been a judgment already executed.
Definition of first order consumer?
A first-order consumer pays his money and receives the goods. If you buy a packet of chips and pay for it you are a first-order consumer.If you then watch TV, you are not a first-order consumer because the TV programme is provided by a customer who put adverts on the screen, so you are not a direct participant in this process. You do not buy the programme, the advertiser buys it on the assumption that you and others are watching.Obviously the programme has to be interesting enough to make people watch.
A duplicate policy may be issued when the original has been?
What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have? What right does a consumer have?
Reject or accept null hypothesis F-test?
Using the data in the Excel file Consumer Transporta
What does the straight extension adaptation strategy of international marketing entail?
the same product is marketed to all countries (a "world" product), except for labeling and language used in the product manuals. The assumption behind this strategy is that consumer needs are essentially the same
