A sales manager is trying to create a pricing strategy for a new product: a home Wi-Fi signal booster. Which of the following facts is most relevant to estimating the point at which the marginal utility per dollar of the device drops to zero?
a. A competitor offers a highly similar, albeit cheaply made, product for an incredibly low price.
b. Most homeowners will need only one, at most two, Wi-Fi signal boosters to cover the entire house.
c. The margin of profit for most Wi-Fi signal boosters on the market is incredibly high.
d. Most homeowners have problems with their Wi-Fi and would benefit highly from a signal booster.
b. Most homeowners will need only one, at most two, Wi-Fi signal boosters to cover the entire house.
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Refer to the figure above. If Barylia does not engage in international trade, what is the production of calculators in the country?
A) 10 units B) 20 units C) 40 units D) 60 units
Monetarists are in favor of
a. inflation targeting. b. interest rate targeting. c. output targeting. d. nominal income targeting. e. money growth targeting.
For products like parking lots and hotels, the relevant costs and benefits to determine how much capacity to build are
a. LRMR and LRMC b. LRMR and SRMC c. SRMR and SRMC d. SRMR and LRMC
The wage gap between males and females is decreasing, and will be finally eradicated because the average male in the labor force has equal marketable human capital as the average female
a. True b. False Indicate whether the statement is true or false