Increase the probability of achieving a match
Why is it important to match supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to increase the probability of achieving a match?
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Explain why is it significant to match supply and demand? If a manager believes that supply and demand will not be equal, what actions could the manager take to raise the probability of achieving a match?
Consider the consumer with utility function given by u(x1 , x2 ) = x1 x2. Determine demands for goods 1 and 2 when consumer faces prices p1 and p2 , and income m.
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