Arnie Ziffel has $20 per week to spend on any combination of pineapples and green tea.The price of a pineapple is $4 and the price of a bottle of green tea is $2.The table below shows Arnie's utility values.Use the table to answer the questions that follow the table.
a.Complete the table by filling in the blank spaces.
b.Suppose Arnold purchases 4 pineapples and 2 bottles of green tea.Is he consuming the optimal consumption bundle? If so,explain why.If not,what combination should he buy and why?
Definitions:
Product Opportunities
Potential areas for new product development or enhancement of existing products based on market demand, trends, and consumer feedback.
Problem Questions
Questions posed by a seller to uncover a buyer's issues or challenges that the seller's product or service can resolve.
Multiple-Question Approach
A sales technique where various types of questions are used throughout the selling process to gather information, assess needs, and facilitate decision-making.
SPIN Approach
A strategic sales technique that involves asking Situation, Problem, Implication, and Need-payoff questions to understand a prospect's needs and propose solutions.
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