Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist band at $122, his friend Dan values it at $105. The value placed by Tom and Dan are what economists would call:
A. producer's surplus.
B. each customer's reservation price.
C. each customer's value price.
D. the efficiency frontier.
E. competitive advantage.
Answers: 3
Business, 21.06.2019 19:20
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Business, 22.06.2019 11:20
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Business, 23.06.2019 00:00
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Business, 23.06.2019 00:30
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Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. Whil...
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