Business, 13.08.2020 17:01 haileyhale5

George wanted a home in the St. Paul area. He was willing to pay premium price for it even though there were other homes in other areas that were better values. When George was asked why he was willing to pay so much, he told the sales associate that he worked in that area and that he wanted his children to attend school in a specific school district. George's willingness to pay top dollar for a home in St. Paul is because of which characteristic of value?

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According to George's willingness to pay top dollar for a home in St. Paul is because of the following characteristics of Value are: The "Values are a set of choices with the ability to be fluid such that may be ranked that are depending on the current situation." When George prioritized that the familiarity with and the emotional attachment to the St. Paul area given that is he had worked there before and also that was convinced about the value he'd get from a school in that area. We are Noticing that he could have put a premium on security, it is access to social amenities and a host of other factors. However, is that those factors are not key in the ranking of values that informed George's choice.

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Answer from: griffinkiley22

George's willingness to pay top dollar for a home in St. Paul is because of the following characteristics of Value:

"Values are a set of choices with the ability to be fluid such that may be ranked depending on the current situation."

Explanation:

In the question above, George prioritised familiarity with and emotional attachment to the St. Paul area given that he had worked there before and was convinced about the value he'd get from a school in that area.

Notice that he could have put a premium of security, access to social amenities and a host of other factors. However, those factors are not key in the ranking of values which informed George's choice.

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Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

You can put most money would be invested in innovation by economic convergence

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George wanted a home in the St. Paul area. He was willing to pay premium price for it even though th...

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