Question

In: Economics

1)The world will never become completely virtual because: A) The need for power B) The need...

1)The world will never become completely virtual because:

A) The need for power

B) The need for uniqueness

C) The need for affiliation

D) The need for safety

2)Frito Lay decreased the price of its potato chips from $4.80 to $4.76. What does JND (Just Noticeable Difference) Theory tell us about the possible perception of this price decrease?

Solutions

Expert Solution

1.the world will never become completely virtual because of the need for uniqness

Because of pandemic,most of the jobs have become online and it is unique.

2.it is a positive change for customers.the difference is small and smaller than 10*,therefore the perception of the consumers would not change much.


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