If Austin can produce potato chips at a lower opportunity cost than William, then Austin has a comparative advantage in the production of potato chips.
Comparative advantage refers to a situation in which an individual, business or country can produce a good or service at a lower opportunity cost than another producers or businesses.
In production a lower opportunity cost creates a comparative advantage. So here in this situation a comparative advantage in one good implies a comparative disadvantage in another.
Hence, comparative advantage is the ability of a producer to produce a good or service for a lower opportunity cost than its competitor.
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Answer:
Tenemos un costo de $10 por unidad
C = $10/u
Tenemos un precio de venta de "p" dólares por unidad
V = P/u
Y tenemos una cantidad de unidades vendidas de 20(22-p)
Q = 20(22-p)
Halle la utilidad U(p) como una función del precio de venta "p".
Utilidad(p) = C*Q - V*Q
C*Q equivale a costo total, y V*Q equivale a ingreso total, así obtenemos la utilidad.
¿Cuál es el precio de venta "p" que genera una utilidad máxima?
$16/ unidad
¿Cuál es el precio de venta "p" que genera una utilidad nula?
$720/ mes
People spend less money; GDP falls
Answer:
B
Explanation: because none of the others make sense
Answer:
The marketing positioning in play is a Brand promise.
Explanation:
A brand promise is a statement usually short that communicates what the customers expect from the brand. It is a kind of assurance to the customer that the brand will fulfill their proclaimed statement. The promise can be value satisfaction or even a given experience. A brand promise is a very crucial marketing strategy that needs to be chosen carefully. Most brands always choose to formulate a brand promise that is distinct, this helps the customers to remember it easily. It should be kept short and straight-forward. Research has shown that the nature of a brand promise reflects on the number of customers one attracts. A unique brand promise can set a firm above the competition.
In our case, Alan uses the tagline, "The best sunsets in the park". This is a typical example of a brand promise. Since Alan runs a residential lodge in a national park, he alludes that his lodges have the best sunsets in the park. This makes his lodging business unique since he has made a promise to the customers that if they are to experience the best sunsets, Alan's residential lodge will be the best option.
