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Other Fields Homework Help Economics Topic started by: Famwam on Feb 27, 2019



Title: Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning ...
Post by: Famwam on Feb 27, 2019
Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning Joss to undertake a market survey and compile the findings in a report. Iris is willing to pay $500 for the service while Daphne is willing to pay $800. Suppose that the opportunity cost of Joss's time is $1,200. Assume that Iris and Daphne do not know each other. If Joss charges the same price per copy of the report to both Iris and Daphne,

• the report will not get written.

• only Daphne will commission the job and the report will be written.

• both Iris and Daphne will commission the job and the report will be written.

• no conclusion can be drawn without information on the price.


Title: Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning ...
Post by: rinderbik on Feb 27, 2019
Content hidden


Title: Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning ...
Post by: Famwam on Feb 27, 2019
This helped my grade so much


Title: Joss is a marketing consultant. Iris and Daphne are potential customers interested in commissioning ...
Post by: rinderbik on Feb 27, 2019
:okay: