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Author Question: All these increase differentiation, except a. Product branding b. Reducing quality c. Advertising ... (Read 62 times)

fnuegbu

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  • Posts: 539
on: Jul 1, 2018
All these increase differentiation, except
 a. Product branding
  b. Reducing quality
  c. Advertising
  d. Limiting availability

Question 2

The marginal product is defined as:
 a. The ratio of total output to the amount of the variable input used in producing the output
  b. The incremental change in total output that can be produced by the use of one more unit of the variable input in the production process
  c. The percentage change in output resulting from a given percentage change in the amount
  d. The amount of fixed cost involved.
  e. None of the above


cadimas

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


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