Scenario: Spring is bere at last. While Daniel is scrambling to attend state competitions and negotiate deals in Korea, applications from prospective interns are pouring in at DemiDec every day. Returning writers from the previous Demi Dec summer have already filled over half the positions at Demi Dec. Daniel is working at selecting the other balf to write theresources and flashcards. As be searches through a large pool of talent, he must take care to hire nithin his budget. An astute economist, Daniel is quick to analyse the relationships ofthe varions positions at Demi Dec. On the back of a banquet program, in between webeasting the results, be drafts this "Personnel Possibilities Frontier":Personnel PossibilitiesA17• E14BO D1012Resource WritersFlashcard Writers A. Match the letter of each point on the PPF above to the description that best identifies it.1.Daniel will not be utilizing his entire Flashcard and Resource Writer budget. He couldeasily hire more of each.2.Daniel will hire a combination of BOTH Resource Writers and Flashcard Writers, butthere will be more Flashcard Writers in the mix.Daniel hires CONLY Resource Writers,4.Assuming there will be no sudden increase in subscriptions, this point is not withinDemi Dec's budget.3.

Production possibility frontier shows the combination of two goods that can be produced with the…

A. Match the letter of each point on the PPF above to the description that best identifies it. 1. Daniel will not be utilizing his entire Flashcard and Resource Writer budget. He could easily hire more of each. 2. Daniel will hire a combination of BOTH Resource Writers and Flashcard Writers, but there will be more Flashcard Writers in the mix. 3. Daniel hires ONLY Resource Writers, 4. Assuming there will be no sudden increase in subscriptions, this point is not within Demi Dec's budget.

A. Match the letter of each point on the PPF above to the description that best identifies it. 1. Daniel will not be utilizing his entire Flashcard and Resource Writer budget. He could easily hire more of each. 2. Daniel will hire a combination of BOTH Resource Writers and Flashcard Writers, but there will be more Flashcard Writers in the mix. 3. Daniel hires ONLY Resource Writers, 4. Assuming there will be no sudden increase in subscriptions, this point is not within Demi Dec's budget.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Product and Price Bundling

Product and price bundling is used as a marketing strategy by businesses, where complementary products and services are combined and sold as a package deal. This bundled price is usually less than the total price of the individual products if they were to be sold separately. When bundled and sold, each product is sold at a reduced price. Using a price bundling strategy helps increase the average revenue per user and also increases the engagement with the user. This happens as the perceived value of the bundled products is more than the individual products.

Question

Scenario: Spring is bere at last. While Daniel is scrambling to attend state competitions and negotiate deals in Korea, applications from prospective interns are pouring in at Demi
Dec every day. Returning writers from the previous Demi Dec summer have already filled over half the positions at Demi Dec. Daniel is working at selecting the other balf to write the
resources and flashcards. As be searches through a large pool of talent, he must take care to hire nithin his budget. An astute economist, Daniel is quick to analyse the relationships of
the varions positions at Demi Dec. On the back of a banquet program, in between webeasting the results, be drafts this "Personnel Possibilities Frontier":
Personnel Possibilities
A
17
• E
14
B
O D
10
12
Resource Writers
Flashcard Writers

A. Match the letter of each point on the PPF above to the description that best identifies it.
1.
Daniel will not be utilizing his entire Flashcard and Resource Writer budget. He could
easily hire more of each.
2.
Daniel will hire a combination of BOTH Resource Writers and Flashcard Writers, but
there will be more Flashcard Writers in the mix.
Daniel hires CONLY Resource Writers,
4.
Assuming there will be no sudden increase in subscriptions, this point is not within
Demi Dec's budget.
3.

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