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:

Remorse

A deep feeling of regret or guilt for a wrong committed.

Repentance

The feeling of remorse or regret for past wrongs and the commitment to change for the better.

Antisocial Personality Disorder

A mental condition in which a person consistently shows no regard for right and wrong and ignores the feelings and rights of others.

Lack of Conscience

A deficit in or absence of moral awareness or consideration for right and wrong.