Answer:
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
Explanation:
Let A represent the number of apples bought and B represent the number of bananas bought. Therefore since Olivia has $4 to spend:
0.2A + 0.25B = 4 (1)
Also, the tangency condition can be used to find the optimal amount of A to relative to B. It is give as:
Put B = 0.8A in equation 1:
0.2A + 0.25(0.8A) = 4
0.2A + 0.2A = 4
0.4A = 4
A = 10
B = 0.8(A) = 0.8(10) = 8
Therefore, Olivia should buy 10 apples and 8 bananas to maximize her utility.
Answer:
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Marketers professionals refer to the strategy of collecting customer names and email addresses and maintaining a presence on social media sites to send messages about promotions and coupons to valued customers like relationship marketing.
This strategy of creating relationships with customers has as its main objective the generation of value and customer loyalty through a closer and more direct relationship.
Relationship marketing is a strategy that has had a greater impact with technological development, social media for example, has strengthened communication between company and customer, making the relationship closer and more dynamic.
Therefore, companies that use relationship marketing create value through content that generates benefits and customer engagement with the company, increasing loyalty and positioning in the market.
Learn more about relationship marketing here:
brainly.com/question/6059198
This is an example of.... Libtards... I mean the Democratic system that’s running&ruining this country.
