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Read and consider the "Willingness to Pay" example in Section 7-1 (Chapter 7 Section 1).
Everyone shops for things they need for themselves and for gifts for others. Your old car just died and it's not worth anything. But the local Toyota dealership has a sale on the new Corolla Hybrid that gets 45 MPG all around. The list price is $28,590. They really want to make a sale because they have too many in stock and their floorplanning costs are through the roof. Your friend works at that dealership and finds out that they paid $25,000 for the car. Your budget tells you that you only have $26,500 to spend, that's the most you can pay. You test drive the car and negotiate with the dealer and settle on a sale price of $26,000.Please evaluate and explain the:
willingness to pay,
consumer surplus,
demand,
producer surplus,
producer cost, and
willingness to sell of this transaction.
Define these terms in your explanation, not as separate definitions. Incorporate the meaning into your narrative so that you write a convincing story. Comment on the initial posts of at least two of your classmates. Your comments should support or challenge what they write with some level of detail to make this a "discussion". Be sure to name the person you address.
Human Resources Coordinator for Safeco Insurance Inc., a medium sized insurance company in Winnipeg, was on the hot seat, no question.
Discuss the performance of the company in terms of the five performance objectives and the relationship among these performance objectives.
Custom Computers, Inc. assembles custom home computer systems. The fan assemblies needed are bought for $24 each and are ordered in quantities of 1500 units.
__________ is the term that describes the actions a person takes in buying and using products and services.
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An analysis was performed on gas mileage at a local automotive testing ground. The purpose of the study was to try and determine whether tire pressure, timing setting, type of oil, and/or type of gas had significant effects on gas mileage.
With reference to the process of engaging in discussions aimed at reaching an agreement ,critical analyse three strategies that maybe used to try
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