Go watch tv homeboy because math is super super hard
Answer:
Grandmother should purchase 2 units of both products
Explanation:
Let's denote
MU = Marginal utility
P = Price
Q = Quantity
The Utility will be maximum when both unit's MU/P is equal
Product A
Q MU P MU/P
1 80 $5 16
2 40 $5 8
3 30 $5 6
4 15 $5 3
5 7 $5 1.4
6 6 $5 1.2
7 5 $5 1
8 3 $5 0.6
Product B
Q MU P MU/P
1 30 $2 15
2 16 $2 8
3 15 $2 7.5
4 14 $2 7
5 13 $2 6.5
6 12 $2 6
7 11 $2 5.5
8 10 $2 5
As you can see above MU/P is same when grandma purchase 2 product each to maximize utility.
Hello!
The term "differentiation" refers to what sellers do to make their products different, or stand out, from competing products.
A few forms of differentiation are through:
- Pricing (more expensive or less expensive than competitors)
- Form (size, shape, structure, etc.)
- Performance (performing better or more efficiently than competitors)
- Reliability (lasting longer than competing products)
For example, Tesla differentiates itself through offering appealing (stylish) electric cars that are energy-saving and more efficient than other electric vehicles. Pricing is also reasonable for what the company offers, but expensive relative to most common gas-powered cars.
I hope this helps you! Have a lovely day!
- Mal
Answer:
Up
Explanation:
When there aren't enough goods in the market, it means that the demand for goods exceeds its supply.
When there's excess demand over supply, prices rise.
When there's excess supply over demand, prices fall.
I hope my answer helps you.
There are most likely more than five factors that influence technological progress, but they might include funding for scientific and technological projects, the availability of scientists and engineers to lead technological studies, growing economic development, a business or science culture that supports technological discovery, and also potentially government support for technological discoveries and advancements.