Business, 18.09.2021 21:10 mackaylabarnes22
Dependent on its availability and the desire to buy
utility personal preference based on how satisfied a person is with a product or service
Question #1
Multiple Choice
Which of the following activities illustrates the concept of personal utility?
O taking a shower
O buying a snack
O using a computer
O admiring a picture
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Answers: 1
Business, 22.06.2019 12:30
Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers.firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?
Answers: 3
Business, 22.06.2019 23:10
Mbo works by objectives moving through the organization; that is, top managers set general organizational objectives, which are translated into divisional objectives, which are translated into departmental objectives. the hierarchy ends in individual objectives set by each employee. this is an example of mbo working as objectives through the organization.
Answers: 1
Business, 23.06.2019 02:30
What provides financial support to workers who are retired or have disabilities? medicare social security tax withholdings medicaid
Answers: 1
Dependent on its availability and the desire to buy
utility personal preference based on how satis...
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