Answer:
The correct answer is 16 utils.
Explanation:
Amount spent by Rick to get utility of 8 = $6*2 + $3 * 4 = $24
$48/ $24 = 2
$48 will give Rick 2 sets of products combination that give him utility of 8.
At his utility-maximizing point, Rick's utility is 2* 8 = 16 utils.
Answer:
The contribution margin per unit is $7
Explanation:
The contribution margin per unit can be defined as the difference between the selling price per unit and the variable cost per unit.
Contribution margin per unit = Selling price - Variable cost
Contribution margin per unit = $12 - $5
Contribution margin per unit = $7
The contribution margin per unit is $7
Answer:
The physician would be doing Malpractice.
That is true, hope that helps !
Answer:
B) High, low
Firms and brands that continually attempt to operate in the <u>HIGH</u> price / <u>LOW</u> benefits quadrant do not survive over the long run as customer trust is Damaged.
Explanation:
Many times new products have a very short life because companies believe that they can charge very high prices because they are innovations, but they forget to provide the corresponding benefits of a very high price. Usually short living fads result from this strategy, because the customers will demand more for their money and if the product doesn't satisfy them, they wouldn't purchase it again. And with all the social networks we have today, gossip (and videos) about bad products travel extremely fast.