Smelly FruitAt first glance there is little to like about the durian. The durian is a fruit popular in Thailand that is spiky outside and stinky on the inside. When confronted with the durian for the first time, the Wall Street Journal recently reported that westerners often describe its distinctive sulphurous smell with words like stinky socks and manure. However, the durian is so popular in Thailand that one variety of the durian fruit, called the Kan Yao, has been selling for as high as $200. Even at that price, supply of the Kan Yao cannot keep up with demand. There are approximately 30 varieties of the durian grown in Thailand, with the most plentiful selling in the $15 range. The yellow flesh of the durian, the part you eat, has very powerful smell, but possesses a sweet, nutty
taste that Thais cannot seem to get enough of at any price.Refer to Smelly Fruit. If it cost a Thai farmer $100 to produce and $25 to market the Kan Yao durian that she sells for $200 at the marketplace, her revenue, for each durian sold, would be _____.
A. $125
B. $200
C. $25
D. $100
E. $325
Answer: B
You might also like to view...
An example of an unearned revenue account would include
a. Prepaid Interest; b. Unearned Maintenance Revenue; c. Subscription Revenue; d. Prepaid Insurance; e. Supplies.
The product in the marketing mix:
a. includes point of purchase. b. includes company image. c. includes personal selling. d. includes pricing.
Freedom of expression is protected from government control in the United States by which one of the following?
A. Third Amendment D. McCain-Feingold Act B. Taft–Hartley Act E. Freedom of Information Act C. First Amendment
Let xij = gallons of component i used in gasoline j. Assume that we have two components and two types of gasoline. There are 8000 gallons of component 1 available, and the demand gasoline types 1 and 2 are 11,000 and 14,000 gallons, respectively
Write the supply constraint for component 1. A) x21 + x22 ? 8000 B) x12 + x22 ? 8000 C) x11 + x12 ? 8000 D) x21 + x22 ? 8000