Answer:
21
Explanation:
Given that:
The utility function U(x, y) = 
The budget line income is:
105=4x +3y
The equation MRTS is:
where;
and:
∴
Using the equation MRTS:
4x = 12y
x = 12y/4
x = 3y
Replacing the value of x into the budget line income, we have:
105 = 4x + 3y
105 = 4(3y) + 3y
105 = 12y + 3y
105 = 15y
y = 105/15
y = 7
Then, from x = 3y
x = 3(7)
x = 21
Thus, she will consume 21 gapefruits
Considering your program options is STEP TWO of the planning process.
The planning process is made up of five steps, which are:
1. determine your personal goals
2.consider your program options
3. Set SMART goals; that is, let your goals be specific, measurable, attainable, realistic and timely
4.Structure your program and document it
5. Keep a log and evaluate your program.
BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies like <u>Exxon Mobil and Shell</u> became limited.
BP (British Petroleum) is an integrated oil company which is headquartered in London, United Kingdom. This company is mainly involved in exploring and developing oil and natural gas sources.
BP's competitors were Exxon Mobil, Shell and many other large multinational oil companies. Thus, because of this competition BP's expansion plans were reduced, and its ability to compete with other large multinational oil companies became limited.
Hence, BP also failed to go beyond Petroleum.
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Answer:
Trialbility; increases
Explanation:
A marketing mix can be defined as the choices based on pricing strategy, product attributes, communication and distribution strategy that a business firm offer to its potential customers and target markets.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc
Hence, trialbility which is the ease with which consumers can sample or use a new product innovation, increases the diffusion rate.
This ultimately implies that, when a business firm avails its customers the opportunity to try out their newly introduced or invented products, it increases the rate at which the product will become accepted in the market.
If the price level rose from 131 to 157 but economic output remained the same, real GDP would increase.
The price level has increased and the output is constant then the nominal GDP would increase.
- The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished products and services produced (and marketed) inside a nation within a specific time period (typically 1 year). Purpose. GDP stands for "Gross Domestic Product" and reflects the total monetary worth of all finished products and services produced (and sold on the market) inside a nation during a specific period of time. GDP is the most often used indicator of economic activity (typically 1 year). Purpose. The most often used indicator of economic activity is the GDP.
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