Answer: A. Had major expenses in the first year.
Explanation: It just makes sense and it’s also correct
Answer:
The optimal bundle is 6 pairs of dress shoes and 3 pairs of Crocs.
Explanation:
From the question,
Allowance (M) = $450; Price of dress shoes, Pd = $50; Price of crocs, Pc = $50
Note: MRS-price ratio, MUC- marginal utility from consuming casual Crocs ,MUD- marginal utility from consuming dress shoes
Optimal bundle is determined where MRS = Price ratio
MRS = MUC/MUD = 20DC/10C2 = 2D/C
Price ratio = Pd/Pc = 50/50 = 1
So, 2D/C = 1
Therefore, C = 2D
Budget constraint: M = Pd*D + Pc*C
So, 50D + 50*(2D) = 450
50D + 100D = 150D = 450
So, D = 450/150 = 3
C = 2D = 2*3 = 6
Answer:
1- Change the advertising image of the brand. Every year trends change and therefore adjustments must be made so that the products adapt to the modern.
2- Market study to know if the products are advancing according to the project according to the participation of the square.
3- In the market study, the prices must also be reviewed, which must be consistent with the competition
4- Discounts could be offered on the products, to attract new customers.
The competitive advantages of performing these actions is that the products and in the consumer's mind will always be updated.
