Multiple Choice
If a customer values good A at $15,and it costs the firm $10 to produce,the firm can increase its profits if
A) Redesign the product such that it delivers $16 in customer value
B) Redesign the production process so that the costs fall to $9
C) One or both of the above
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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