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Famwam Famwam
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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 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.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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rinderbikrinderbik
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5 years ago
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Famwam Author
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#2
5 years ago
This helped my grade so much
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#3
5 years ago
Perfect
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