Sources of positive net present value projects include
a. buyer preferences for established brand names
b. economies of large-scale production and distribution
c. patent control of superior product designs or production techniques
d. a and b only
e. a, b, and c
e
Economics
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When does the marginal rate of substitution (MRS) in an indifference curve equal the ratio of marginal utilities in marginal-utility analysis? Explain
Please provide the best answer for the statement.
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Once a product becomes established, network externalities may create ________ costs that make consumers reluctant to buy a new product with better technology
A) external B) implicit C) switching D) marginal
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