While at a Discount Shoe Store,a Customer Asked a Clerk,"I

question 89

Essay

While at a discount shoe store,a customer asked a clerk,"I see that your shoes are 'buy one,get one free-limit one free pair per customer.' Will you sell me one pair for half price?
" The clerk answered,"I can't do that." When the customer started to leave the store,the clerk hastily offered,"However,I am authorized to give you a 40 percent discount on any pair in the store." Assuming the consumer has $200 to spend on shoes (X)or all other goods (Y),and that shoes cost $100 per pair,answer the following questions:
a.Illustrate the consumer's opportunity set with the "buy one,get one free" deal and with a 50 percent discount.
b.Why was the 40 percent discount offered only after the consumer rejected the "buy one,get one free" deal and started to leave the store?
c.Why was the clerk willing to offer a "buy one,get one free" deal,but unwilling to sell a pair of shoes for half price?

Explain the significance of physical and psychological factors in prenatal development, including risks associated with preterm birth.

Analyze the concept of developmental plasticity and its implications for the developmental process.

Understand the concepts and mechanisms of attributions in relationships.

Identify biases and their role in relationship satisfaction and perception.

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Definitions:

Producing Country

A nation that is engaged in the extraction or creation of goods and services for sale.

Imported Product

Goods or services brought into one country from another for sale.

Cultural Barrier

Obstacles in communication and interaction that arise from differences in culture, language, and societal norms among individuals or groups.

Import Quota

A government-imposed limit on the amount or value of goods that can be imported into a country.