Answer:
Both Flashfone and Pictech will choose a low price.
a.True
Explanation:
By both of them lowering their prices, they can both earn more, but they damage the market, because Pictech will be lowering their prices, thus Flashfone will start to sell less, so the total revenue of the market wil be lowered, but the earnings og Pictech will go up, instead of eing 17 million between both it will decrease, in the normal both will choose a low price to maximize their sells and profits.
Answer:
a. marketing event
Explanation:
Marketing event -
It refers to the process of marketing , where the goods or services are marketed via some promotional events , is referred to as marketing event .
The method involves organizing and conducting for the promotional purpose .
In this method , there is direct interaction with the representative of the particular brand .
Hence , from the given scenario of the question ,
The correct option is a. marketing event .
I started it, but you'll have to finish it.
The remaining blanks require thought. I'm in my office right now,
theoretically working, and I don't have time to think.
See the attached picture.
Based on the above scenario, the production function is Y=K1/3L1/3H1/3.
<h3>What is production function?</h3>
The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.
Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital is Y=K1/3L1/3H1/3.
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