Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Jack is deciding how to spend the $6 budget he has allocated for today's telephone calls. There are only two people he intends to call: his girlfriend Jill, and his old high school friend, Steve. Jack's love for Jill is such that he could talk to her forever; the marginal utility of a minute talking to Jill is a constant ten utils, regardless of the number of minutes he talks. Steve usually has a lot of interesting news, but he becomes dull and boring after awhile; the marginal utility of talking to Steve is given by the equation:
MU = 60 - 2M
where M is the number of minutes they have talked so far. So, the first minute gives Jack 58 utils, the second minute gives him 56 utils, etc.
It costs 5 cents per minute to call Jill, and 10 cents per minute to call Steve, who lives farther away.
How should Jack allocate his budget of $6 to maximize his total utility? In other words, how many minutes should Jack spend talking to Steve today, and how many minutes talking to Jill?
history of e-marketing
Question 1: (a) Using an example from the local context, explain how an organisation can counter negative publicity. (b) Discuss the impact that customer retention has on
write a note on Importance & scope of marketing?
various approaches that are followed by fast moving consumer goods companies in test marketing
What are the tools of marketing in words of McCarthy? McCarthy classified such tools in four broad groups, that he called the four Ps of marketing: Price place, Produ
How are Indian customers visiting Shoppers’ stop any different from customers of developed western countries?
Q. Objective and Task Method? This scheme considers advertising as an investment and a mean to achieve long-term business objectives. Krick Patrick has defined objectives as we
Simple Marketing System Producer/ seller Communication Consumer Money Product/ service Feedback Participants in a simple marketing system:
The responsibility of the Marketing Communication Manager is to sense those elements that can not be strong now but which in the future may have an impact on the organization and
How does cultural, social, personal and psychological factors influence buyer behaviour. Give examples
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd