This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is meant by product differentiation? What will be an ideal ... (Read 38 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
What is meant by product differentiation?
 
  What will be an ideal response?

Question 2

According to the table above, would there be trade flows in both directions if the exchange rate were 1 = 1 peso?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 29, 2018
Answer to Question 1

Product differentiation is a strategy that firms use to achieve market power. It involves producing products that have distinct positive identities in consumers' minds.

Answer to Question 2

At this exchange rate the trade flows would only be in one direction. Residents of Mexico would wish to purchase both paper and plastics from the United States. The reason is that in Mexico Paper is three times as expensive and plastics are twice as expensive at prevailing exchange rates.


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Jun 29, 2018
:D TYSM

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Differentiation and Development of the Sex Organs Differentiation and Development of the Sex Organs
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
Product safety Product safety
Use the product rule to find derivative Use the product rule to find derivative
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Video: Genetic terms Animation

For a complete list of videos, visit our video library