Question

1.         What is the product of a community college? (Be careful; the product is not what the school offers, but what the school offers as seen through the eyes of students.)

2.         Which is the better product, what you get at a community college, or what you get at Harvard? Be specific in your answers.

3.         How can you make a product better?

4.         Is a better-quality product perceived as a better product by consumers? Explain your answer.

Answer 1

Solution :

Given that