You are the manager of a firm that produces products x and y at zero cost. you know that different types of consumers value your two products differently, but you are unable to identify these consumers individually at the time of the sale. in particular, you know there are three types of consumers (1,000 of each type) with the following valuations for the two products: consumer type product x product y 1 $90 $60 2 70 140 3 40 160 a. what are your firm’s profits if you charge $40 for product x and $60 for product y

What would be the input, conversion and output of developing a new soft drink

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation