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 77 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
Wow, this really help

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

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

Cell differentiation Cell differentiation
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close This isn’t exactly what’s meant by the phrase “You are what you eat,” but it’s close
A close relationship between greenhouse gas emissions and a country’s gross domestic product A close relationship between greenhouse gas emissions and a country’s gross domestic product
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Lateral inhibition in C. elegans vulval differentiation Lateral inhibition in C. elegans vulval differentiation
Video: Origin of organelles Animation

For a complete list of videos, visit our video library