Answer:
The long-run average total cost curve experiences an upward trend.
Explanation
Diseconomies of scale arise when a company's expansion leads to heightened costs per unit. This refers to the increased costs a firm faces as output grows, which results in higher per-unit expenses for producing goods and services. In the instance of diseconomies of scale, a rise in output is met with a decline in unit costs.
<span>The need for emergency room healthcare is costly because it is primarily required during critical times. In contrast, elective surgeries are less essential compared to emergency care. When the costs of health insurance decrease, individuals have more disposable income for vacations.</span>
Explanation:
The process of making purchase decisions online or through mobile devices differs from shopping in physical stores based on the unique aspects of each shopping setting.
As outlined by Kotler and Keller, the consumer purchase decision process consists of five stages:
- recognition of problem or need,
- searching for information,
- assessment of alternatives,
- actual purchase,
- behavior after purchase.
Consequently, consumers define the key attributes crucial for making purchases and which features yield the most advantages.
In today's world, the online shopping industry has expanded dramatically since most people now have internet access, prompting companies to enhance their online presence, which ensures the capability to also provide consumers with increased benefits, such as better discounts and promotions, due to reduced systematic and physical expenses associated with internet sales.
As a result, online shops, in comparison to brick-and-mortar stores, are more inclined to offer customers benefits during and after the purchase, alongside a wider selection of products and brands, thus broadening consumer options.
Answer:
Explanation:
(a). By plotting the data on an Excel spreadsheet, the uploaded image below represents our findings
(b) The sample correlation coefficient is calculated using the Excel Correlation function as follows;
Admission Rate (%) 4-Year Graduation Rate (%)
44 73
71 62
29 89
39 86
66 55
28 73
54 63
10 88
26 84
43 77
76 71
67 68
6 86
66 59
81 66
18 88
31 71
9 84
15 86
8 88
17 84
56 62
51 79
54 68
75 50
13 86
40 70
67 68
41 47
68 71
∴ The calculated value of the sample correlation coefficient is = -0.76
This indicates that the two variables exhibit a moderately linear inverse correlation.
Cheers, I hope this is useful.
