Answer:
The value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285
Explanation:
MRTS_KL = MP_L/MP_K
= (7K + 10L - L^2)/7L
= (7*30 + 10*15 - (15)^2)/7*15
= 1.285
Therefore, The value of the marginal rate of technical substitution when K = 30 and L = 15 is 1.285
Answer:
1. New-product strategy development.
2. Idea generation.
3. Screening and evaluation.
4. Business analysis.
5. Development.
6. Market testing.
7. Commercialization.
Explanation:
New product strategy is the first one as described and the remaining are briefed below:
Idea Generation: This steps creates the idea for how the product shall be created.
Screening and evaluation: This helps in evaluating the idea generated and comparing it with the practical manner.
Business Analysis aims at analyzing the business prospect of the new product.
Development is done once all of the above steps are in affirmation.
Market testing is done after the development about the market captured by the product or to be captured.
Commercialization basically aims at the proper introduction of the product in the market.
Answer:
"GPS technology may accidentally leak confidential information about the location."
Explanation:
A good case in point was a watch tracking service that leaked classified GPS coordinates of our military servicemen and women's location. It jeopardized our ability to effectively operate in a foreign land without notice of occupied territory.
In this question, it places our military and journalists at risk because they know where they are at and so forth.
The product life cycle (PLC) has 5 stages: product development stage, introduction stage, growth stage, maturity stage and decline stage.<span>
The strategy that includes shifting some advertising from building product awareness to building product conviction and purchase is part of the growth stage of the product life cycle. I</span><span>f the new product satisfies the market, it enters this growth stage. In the growth stage the sales will start climbing quickly.</span>
Answer:
Differentiate their products
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
examples of monopolistic competition are restaurants
A monopolistic firm in the food industry acting in their own self-interest, will often include a recyclable symbol on packaging used for their product to Differentiate their products. This is meant to communicate to consumers that they are different from other firms in the industry
