In <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.
<h3>What is market modification?</h3>
Market mofification can be defined as the way in the a manufaturer target the market so as to attract potentials customers.
Most producer tend to make use of market modication as a marketing strategy so as to have more advantage over other competitors by reaching their competitors customers and to as well increase sales.
Therefore in <u>modifying the market</u>, Johnson and Johnson increased the consumption of the current product.
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Answer:
1. AirEurope should produce if it wants to maximize its profit.
2. False
Explanation:
New payoffs after subsidy:
Aircraft/ AirEurope Produce Not Produce
Produce -3 , <u>6</u> 75 , 0
Not Produce 0 , 74 0 , 0
With a $9 million subsidy, regardless of whether Aircraft produces or not, AirEurope should<u> produce</u> if it wants to maximize its profit.
The statement is false (Aircraft would earn a negative payoff if it enters).
Answer: c. fixed-position layout.
Explanation:
This is a system that addresses the layout requirements of stationary projects.
Here, project remains in one place and workers and equipment come to that one work area.
Examples are plane, ship, highway, a bridge, a house, and an operating table in a hospital, etc.
Answer:
1/3
Explanation:
What is the size of MRSTO = 1 /3
The marginal rate of substitution calculates the rate at which a consumer would give up a unit of one good in exchange for one unit of another good while maintaining the same level of utility.
Answer:
20; $1 billion
Explanation:
Given that,
New funds = $20 billion
Required reserve ratio = 5%
Money multiplier:
= 1/Required reserve ratio
= 1/0.05
= 20
Initial money increase by:
= Funds wants to be in the money supply × Required reserve ratio
= $20 billion × 5%
= $1 billion
Therefore, the Fed should initially increase $1 billion in the money supply.
