Because they need the money for other necessities such as paying rent, insurance, living expenses, transportation, and even paying for college and books for college. and it’s likely they are making minimum wage if they have a job so it is hard to keep up and pay that much per month
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing (option B) - Both firms will advertise)
<h3>What is an advert?</h3>
An advert is a mass or public media message with is designed to convince people to but into a product, service or an idea.
Hence, it is correct to state rival firms will end up advertising.
Learn more about advertising at:
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Full Question:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing?
A) fizzo will choose not to advertise and Pop Hop will choose to advertise.
B) Both firms will advertise
C) Both firms will choose NOT to advertise
D) Fizzo will chose to advertise and Pop will choosenot to advertise.
Answer:
Amount to spend = $18.50
Purchased banana =$1.50
Apple Juice =$1.55
Gasoline $2.35
$1.50 + $1.55 = $3.05
18.50 - 3.05 = 15.45
1 Gallon of Gasoline = 2.35
Therefore,
2.35 x 6 = 14.1
15.35 - 14.1 = 1.25
To avoid exceeding budget, he can only buy
6 gallons of gasoline
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