Which of the following would have the lowest switching costs?

a. a customer ordering from Papa John's instead Pizza Hut
b. an individual getting rid of a PS3 game system and beginning to use a Wii game system
c. a company changing from a QWERTY keyboard to a keyboard with a different format
d. a customer moving a bank account from one bank to another


a

Economics

You might also like to view...

What does it mean to be risk averse?

What will be an ideal response?

Economics

Floating exchange rates

A) systematically lead to much larger but less frequent short-run deviations from the absolute PPP. B) systematically lead to much larger and more frequent short-run deviations from the relative PPP. C) systematically lead to much smaller and less frequent short-run deviations from the relative PPP. D) systematically lead to much smaller but more frequent short-run deviations from the relative PPP. E) systematically lead to much smaller and less frequent short-run deviations from the absolute PPP.

Economics

Economists estimate that the total lag for monetary policy is about:

a. 1-2 days. b. 2 weeks to 1 month. c. 3-12 months. d. 2-4 years.

Economics

When income increases, the money demand curve shifts to the ________, which ________ the interest rate with a fixed money supply.

A) right; increases B) right; decreases C) left; increases D) left; decreases

Economics