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Business, 14.04.2020 21:38 andy6128

Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist band at $122, his friend Dan values it at $105. The value placed by Tom and Dan are what economists would call:
A. producer's surplus.
B. each customer's reservation price.
C. each customer's value price.
D. the efficiency frontier.
E. competitive advantage.

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Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. Whil...
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