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ECON 3041 Managerial Economics

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Answers: Question 1: Water is not scarce as gasoline in America. However, according to Americans bottled water has more value than gasoline and that is why they are willing to pay more for the water that is a renewable resource than for gas that is a non-renewable resource. Question 2: Water itself Culture When the Americans purchase bottled water at a higher price, it is because they are paying for the water itself and also for the l...

Read More arrow Tags: Australia Marilao Management Marketing Professional University of Queensland MBA 

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