Marites started living in his own house after turning 25 years old. When he turned 26, he became fond of buying a pack of Pan De Manila wheat bread every Saturday at 5:30PM. The price of the bread is Php85.00 per pack. Assume the following: 1. Marites will live until 95 years old. 2. The price of the bread will remain constant, 3. Marites' purchasing habit will not change. What is the lifetime value than can be generated from Marites as a customer of Pan de Manila wheat bread?
Marites started living in his own house after turning 25 years old. When he turned 26, he became fond of buying a pack of Pan De Manila wheat bread every Saturday at 5:30PM. The price of the bread is Php85.00 per pack. Assume the following: 1. Marites will live until 95 years old. 2. The price of the bread will remain constant, 3. Marites' purchasing habit will not change. What is the lifetime value than can be generated from Marites as a customer of Pan de Manila wheat bread?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Marites started living in his own house after turning 25 years old. When he turned 26, he became fond of buying a pack of Pan De Manila wheat bread every Saturday at 5:30PM. The
bread is Php85.00 per pack.
Assume the following:
1. Marites will live until 95 years old.
2. The price of the bread will remain constant,
3. Marites' purchasing habit will not change.
What is the lifetime value than can be generated from Marites as a customer of Pan de Manila wheat bread?
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