Option A (Both the adjuster and the student are potential customers because they both derive benefits from the product in their own ways). Both were considered potential customers since both intended to purchase the smartphone for personal or work-related purposes. The adjuster views the smartphone as a tool for improving efficiency, while the student sees it as a luxury. In either scenario, their purchases are significant to the smartphone manufacturers because the product serves a purpose for both.
Response:
Regarding the question:
Your friend Amanda seeks your guidance. She provides you with the utility schedule above and asks how many units of Product B would maximize her utility. The price for Product A is $6 and for Product B is $10. Amanda states her budget is $48. How many units of Product B should she buy?
is included in the attachment.
Clarification:
The right choice among the options provided is; "<span>c. price, quantity demanded".
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The demand curve is a graphical tool that depicts the relationship between the price of a good and the quantity demanded. Generally, the price appears on the vertical axis to the left, while the quantity demanded is represented along the horizontal axis. There exists an inverse relationship between these two variables, indicating that as the price goes up, the quantity demanded decreases.
