Answer:
$0.85 and three cans
Explanation:
Data given in the question
Price per can = $0.50
First can paying price = $0.95
Second can paying price = $0.80
Third can paying price = $0.60
Fourth can paying price = $0.40
So by considering the above information, the noah can buy three cans as the prices are high
So, the consumer surplus is
= First can + second can + third can
where,
First can = $0.95 - $0.50 = $0.45
Second can = $0.80 - $0.50 = $0.30
Third can = $0.60 - $0.50 = $0.10
So, the total consumer surplus is
= $0.45 + $0.30 + $0.10
= $0.85
Answer:
He is acting as a spokesperson.
Explanation:
According to Mintzberg, Spokesperson is the person who is responsible for representing company on a public forum and is not associated with management of companies core operation.
When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area
Horizontal differentiation
Is basically concerned with how the firm decides to divide itself into sub units. The decision is typically made on the basis of function, type of business, or geographical area. In many firms, just one of these criteria predominates, but more complex solutions are adopted in others. This is particularly likely in the case of international firms, where the conflicting demands to organize the company around different products (to realize location and experience curve economies) and different national markets (to remain locally responsive) must be reconciled. One solution to this dilemma is to adopt a matrix structure that divides the organization on the basis of both products and national markets.
Functional structure :
A functional structure can work well for a firm that is active in a single line of business and focuses on a single geographic area. But problems can develop once the firm expands into different businesses or geographies.
Learn more about Horizontal differentiation :
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Answer:
seal
Explanation:
Based on the information provided within the question it can be said that this information is found of the seal of the Lay's potato chips bag. This is is a type of award symbol that demonstrates excellence in a certain area for the product in question. Which in this scenario refers to the "Best Taste Award" that was given to the company by the American Culinary Institute.
