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1. Clorox lowers the price of its GreenWorksTM bathroom cleaner. All other things remaining the same, choose how you think this will impact the market price of Pine-Sol. (Circle one).
a. It will raise the price of Pine-Sol because they are substitute products
b. It will lower the price of Pine-Sol because they are substitute products
c. It will raise the price of Pine-Sol because they are complement products
d. It will lower the price of Pine-Sol because they are complement products
what is the theory of supply
relation between production and consmption
I am risk averse, and trying to maximize my expected value of c0, 5, where c is my fortune. I have 50.000 in cash, and also art with a value of 200.000 which I keep in my basement.
Deviation - Difference between the expected and actual payoff - Adjusting for the negative numbers - The standard deviation measures square root of average of squa
What is the difference between GDP and GNP? Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea
Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t
how do I explain the hicksian and slutsky theory of consumer behaviour in an examination
FACTORS RESPONSIBLE FOR POLICY FAILURES: It is the subject of many official and academic studies to try and find out the reasons for the inability of many, in fact, most of th
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
#qu3. An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the informat
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