Q1. Adhesive is made of polymer dissolved in a solvent because the polymer content enhance the adhesive is more expensive. A company is selling 20% adhesive at $1000/metric ton and the 40% adhesive at $1600/metric ton. Customers request an adhesive of 25% polymer content. The company charges for the mixing $20 /ton at what price the new adhesive product should be sold?
Q2. Thirty years ago, the market for chicken was perfectly competitive. Then Frank Perdue began marketing chicken under his name.
a.) Explain how do you Assume Perdue created a brand name for chicken? Illustrate what did he gain from doing so?
b.) Illustrate what did society gain from having brand name chicken? Illustrate what did society lose?