Suppose That a Worker in Country a Can Make Either

question 76

Multiple Choice

Suppose that a worker in Country A can make either 10 iPhones or 5 iPads each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPhones or 10 iPads each year. Country B has 200 workers. A bundle of goods that Country A could potentially make would be:

• A) (1,000 iPhones, 500 iPads).
• B) (500 iPhones, 500 iPads).
• C) (500 iPhones, 250 iPads).
• D) (750 iPhones, 150 iPads).

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Definitions:

Customers

Individuals or organizations that purchase goods or services from a business.

Marketing Activities

Actions or tasks aimed at promoting and selling products or services to target customers.

High-quality

Products or services that meet or exceed customer expectations in terms of performance, durability, or satisfaction.

Marketing Mix

The combination of elements (product, price, place, promotion) used by a business to achieve its marketing objectives and satisfy customer needs.