Suppose Two Types of Consumers Buy Suits

question 76

Multiple Choice

Suppose two types of consumers buy suits.Consumers of type A will pay $100 for a coat, and $50 for pants.Consumers of type B will pay $75 for a coat, and $75 for pants.The firm selling suits faces no competition and has a marginal cost of zero.If the firm charges $100 for a suit (which includes both pants and a coat) , the firm will sell a suit to:

• A)type A consumers.
• B)type B consumers.
• C)type A consumers and type B consumers.
• D)none of the statements associated with this question are correct.

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Definitions:

Familism

A social structure where the needs and interests of the family are more important and prioritized over the interests of any individual family members.

Cluster Suicides

Several suicides committed by members of a group within a brief period.

Major Depression

Feelings of hopelessness, lethargy, and worthlessness that last two weeks or more.

Clinical Depression

A serious mental health condition characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities, often requiring medical treatment.