Answer: See explanation
Explanation:
Absolute advantage simply means when an economic entity such as individuals or the firms can produce a particular good more efficiently than others who produce similar good. In this case, a larger quantity is produced when compared to others.
Comparative advantage is when an economic agent can actually produce goods at an opportunity cost that's lower than the opportunity cost of its competitors. Due to this, such economic agent can sell its good at a cheaper price than others and therefore make more revenue.
Godiva chocolates produces specially decorated boxes of candies for valentine's day, easter, and christmas. This is an example of occasion segmentation.
Occasion segmentation is when you divide the market into different groups based on different occasions when a buyer will spend money on a product or service. Different products are normally marketed for events and time of the year.
Answer:
a. allows trade across country borders without tariffs
Explanation:
The geneve convention was about military rules to protect human rights and i was signed on 1949
While the European Union or Eurozone is a free-trade zone where the factors are free to move cross the members and the union. This, was the EU main goal. To eestimulate trade among the members and create a better monetary policy through the adoption of a single currency (Euro)
Answer:
Incomplete question
Complete question:
An aircraft factory manufactures airplane engines. The unite cost C ( the cost in dollars to make each airplane engine) depends on the number of engines made. If x is the number of engines made, then the unit cost is given by the function C(x)=0.8x^2-160x+26848. What is the minimum unit cost? not rounded
Answer: $18848
Explanation:
Since we have the function
C(x) = 0.8x²-160x+26,848
Firstly, we differentiate
C'(x) = 1.6x - 160
The minimum cost will occur where x = 100.
The vertex of a parabola (quadratic equation) occurs where X = -b/2a, in this case we have that
X = 160/(2×0.8) = 100
Therefore, we substitute x = 100 into the original equation
We have that
C(x) = 0.8(100)²-160(100)+26848
C(x) = 8000-16000+26848
C(x) = $18848
Answer:
form utility
Explanation:
Form utility refers to how well the products or services that are provided by the company fit in to customers' current need.
Since companies have to cater to different variety of customers with their own needs and personalities, it is impossible for companies to fulfill the form utility of all customers.
This utility fall to the hands of the customers. Customers need to evaluate the features that offered by the products and choose wisely based on their personal needs. This is why this utility is not directly related to marketing that conducted by the company. It's completely based on personal circumstances.
