Bill Created a New Software Program He Is Willing to Sell

question 70

Multiple Choice

Bill created a new software program he is willing to sell for $300.He sells his first copy and enjoys a producer surplus of $250.What is the price paid for the software?

• A)$50.
• B)$250.
• C)$300.
• D)$550.

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Definitions:

Bait Advertising

A deceptive marketing practice that involves advertising a product at a specific price or condition which is not genuinely offered to induce sales of another product.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or use in production.

Product

An item or service created through a process and offered to the market to meet a consumer demand.

Behaviourally Targeted Ads

Advertisements that are shown to users based on their internet browsing behavior and patterns.