A Firm Incurs $100 to Manufacture an Office Table

question 75

Multiple Choice

A firm incurs $100 to manufacture an office table. It fixes the market price of the table as $250, and discounts the price to $200. However, the maximum a person is willing to pay for it is $180. What is the amount of total perceived consumer benefits in this scenario?

• A) $250
• B) $200
• C) $180
• D) $100

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Definitions:

Facial Expressions

Visible changes in the face that convey an individual's emotional state, intentions, or social communications, largely universal across human societies.

Universal

Pertaining to or affecting all members of a class or every entity in a domain without exception.

Research

The methodical exploration and examination of materials and sources to ascertain facts and derive new insights.

Leptin

A hormone primarily made by adipose cells and enterocytes in the small intestine that helps to regulate energy balance by inhibiting hunger.