Answer:
True
Explanation:
When the price increases, more people will be unwilling to buy the product. However, simply lowering the price will not necessarily gain a large number of new customers.
some business give better pay or that when they do pay you can be worth more if they bring it back to the u.s
Answer:
Uncertainty over Reliable and Unreliable Product
a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25
b. The amount that this consumer will be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer is $50.
c. This is because the stated maximum amount that the consumer is willing to pay for the reliable product is $50. She is not prepared to spend more than this amount on the reliable product.
Explanation:
a) Data and Calculations:
Unreliable Reliable
Maximum amount the consumer will pay $0 $50
Probability of reliability 0.5 0.5
Expected amount to pay for either product $0 $25 ($50 * 0.5)
a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25 ($0 + $25)
Answer:
Gross national product is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country.
