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 34 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
Gracias!

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Patent medicines contained a name brand that clearly identified the product and claimed to cure just ... Patent medicines contained a name brand that clearly identified the product and claimed to cure just ...
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
Differentiation and Development of the Sex Organs Differentiation and Development of the Sex Organs
Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product Overallocation of Labor to Farming When Farmworkers Are Paid Their Average Product
Product Rule Product Rule
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: Bipolar Disorder

For a complete list of videos, visit our video library