Victoria is working with a team to determine the feasibility of the product. together with her team, she shows a small group of avid coffee customers a written description as well as a photo of the proposed product. she hopes to determine whether they would buy the product and what they think about it. victoria and her team are at what stage in the product development process?

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.