H2 o'yeah has designed a water purification device that is drastically different and far superior to any product currently on the market. although consumer response was positive to the idea of the new product, management wants to find out more before committing to full-scale production. the next step h2 o'yeah's marketing department is likely to take is to: (a) locate a low cost production site(b) seek a joint venture with a large competitors.(c) test market the product among potential users(d) develop an advertising campaign to pursuade consumers of the value of the new water purifier system.

In order to minimize project risk which step comes after the step of identifying risks

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Eileen's elegant earrings produces pairs of earrings for its mail order catalogue business. each pair is shipped in a separate box. she rents a small room for $150 a week in the downtown business district that serves as her factory. she can hire workers for $275 a week. there are no implicit costs. what is the marginal product of the second worker?