What Price Should a Firm Charge for a Package of Two

question 39

Multiple Choice

What price should a firm charge for a package of two shirts given a marginal cost of $2 and an inverse demand function P = 6 − 2Q by the representative consumer?

• A) $2
• B) $6
• C) $8
• D) $10

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Definitions:

Primitive Fighting Instinct

An innate reaction or response aimed at defending oneself from threats or danger, often associated with survival mechanisms.

Intentional Injury

Harm or damage inflicted on a person on purpose, as opposed to by accident.

Aggression

Aggression is behavior characterized by acts of harm or attempts to harm oneself, others, or objects, driven by intent to cause pain or injury.

Violent Victimization

Experiencing harm or injury as a result of violent activities or crimes committed by another individual or group.