The perceived marginal value of the new product relative to the old is called a product's:
A: elative advantage.
B: compatibility.
C: complexity.
D: trialability.
E: observability.
A: elative advantage.
B: compatibility.
C: complexity.
D: trialability.
E: observability.
举一反三
- A competitive,<br/>profit-maximizing firm hires workers up to the point where<br/>the__________ A: marginal<br/>product equals zero. B: marginal<br/>revenue product equals zero. C: marginal<br/>product equals the nominal<br/>wage. D: value<br/>of the marginal product equals the wage.
- When a nation requires fewer resources than another nation to produce a product, the nation is said to have a(n): A: Absolute advantage in the production of the product B: Comparative advantage in the production of the product C: Lower marginal rate of transformation for the product D: Lower opportunity cost of producing the product
- New technology:( ) A: seldom contributes to competitive advantage or operational<br/>efficiency. B: seldom enables competitive advantage from product/service<br/>differentiation at lower cost. C: frequently enables competitive advantage from product/service<br/>differentiation at lower cost. D: frequently enables competitive advantage from product/service<br/>differentiation, but typically at a higher cost. E: frequently enables operational efficiencies, but seldom enables<br/>competitive advantage.
- What is/are the function(s)/purpose(s) of developing new products? A: To replace the old ones B: To lengthen the product line C: To enrich the product mix D: All the others
- Which of the following statements is correct? A: The value of the marginal product curve is the labor demand curve for competitive, profit-maximizing firms. B: A competitive, profit-maximizing firm hires workers up to the point where the value of the marginal product of labor equals the wage. C: By hiring labor up to the point where the value of the marginal product of labor equals the wage, the firm is producing where price equals marginal cost. D: All of the choices are correct.