180 consumers were asked about their buying preferences concerning a product that is sold in the...
180 consumers were asked about their buying preferences concerning a product that is sold in the market under three labels. The results were as follows.
12 buy only those sold under label A.
22 buy only those sold under label B.
28 buy only those sold under label C.
16 buy only those sold under labels A and B.
10 buy only those sold under labels A and C.
15 buy only those sold under labels B and C.
9 buy the product sold under all three labels.
How many of the consumers surveyed buy the product sold under
(a) At least one of the three labels?
consumers
(b) Labels A and B but not C?
consumers
(c) Label A?
consumers
(d) None of these labels?
consumers
Homework Answers
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180 consumers were asked about their buying preferences
concerning a product that is sold in the...
Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose all...
Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose all 80 consumers in each of the three countries want to buy one unit of either Good A or Good B or Good C, see Tables 1, 2 and 3 below. (Goods A, B, and C are similar to each other, but not the same. Firms produce units of each good according to consumer wants and willingness to buy.) Table 1: Consumer Preferences Country 1...
2. Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose...
2. Consider three countries, which have consumers with different preferences, but are otherwise the same. Suppose all 80 consumers in each of the three countries want to buy one unit of either Good A or Good B or Good C, see Tables 1, 2 and 3 below. (Goods A, B, and C are similar to each other, but not the same. Firms produce units of each good according to consumer wants and willingness to buy.) Table 1: Consumer Preferences Country...
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please answer 1 and 2 in detail
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Mower-Blower Sales Co. started business on January 20, 2019. Products sold were snow blowers and lawn mowers. Each product sold for $350. Purchases during 2019 were as follows: Mowers Blowers 22@ $ 203 36 @ 199 30 @ 180 22 @ 187 January 21 February 3 February 28 March 13 April 6 May 22 June 3 June 20 August 15 September 20 November 7 17 @ $ 208 45 @ 210 37 @ 224 59 @ 231 18 @ 210...
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