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sjbux sjbux
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5 years ago
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 the price of the report is $500 per copy

• only Iris will purchase Joss's services and Joss will undertake the job for her.

• only Daphne will purchase Joss's services and Joss will undertake the job for her.

• both Iris and Daphne will purchase Joss's services and Joss will undertake the job.

• both Iris and Daphne will want to purchase Joss's services but Joss will not be willing to undertake the job.
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Microeconomics

Microeconomics


Edition: 7th
Authors:
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BtllllllBtllllll
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5 years ago
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sjbux Author
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5 years ago
this is exactly what I needed
spaghetti
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Yesterday
Brilliant ツ
Loruiz15
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2 hours ago
Thanks
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