Answer:
True
Explanation:
Manuel's willingness to pay versus the actual cost of something is defined as consumer surplus.
Consumer surplus = the maximum price that Manuel is willing to pay for the antique car - actual price of the antique car.
If consumer surplus is negative, then Manuel (or anyone else) will not be willing to purchase the car or any other good or service. Consumers will only purchase a good or service if their consumer surplus is ≥ 0.
Answer:
Market price = $2, profit = $0
Product differentiation
Increase profit
Explanation:
The market price will be $2, since the two firms will compete against each other, then the ori e falls to the marginal cost of $2
Product differentiation refers to the distinction made in a market whereby mostly similar products are produced. The variation or distinction made by different producers is usually used to influence consumer decision. The inscription of iguana made on the chest of iz and odd's t-shirt brand is to differentiate its product from that of Ralph and Lauren.
The Economic reason which could have likely sparked iz and odd's decision to put Iguana on its t-shirt brand is to give consumers something a bit more different from their usual design, thereby enticing more customers and ultimately increase profit.
Protein folding is often described as a highly cooperative
process. This means that proteins tend to be
folded or unfolded without the presence of partially folded states.
<span>Proteins help build hormones, enzymes and other body muscles.
It is also the basic for blood, skin and bones etc. in human body.</span>
The polyester fiber is often blended with fibers such as cotton, wool, rayon, acetate and linen. Fabrics containing the polyester fiber are easy to care for and are wrinkle resistant in wear.
Answer:
A. They may be oral or written
Explanation:
Option B is correct because it may be altered or withdrawn after the policy issuance. Therefore, it is not the answer.
Option C is also correct because the representations statements are true.
Option D is also appropriate with the representation must be made before the issuance of the policy or at the time of issuance. Therefore, it is not the answer.
Option A is false because it must not need to be written. Therefore, it is the correct answer.
