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.

Explain the distinctions between different types of investments (foreign direct and portfolio) and their impacts on the economy.

Identify factors contributing to variations in economic growth rates among countries.

Recognize the significance of technological knowledge and human capital in enhancing productivity.

Analyze the role of policy orientations (inward vs. outward) and their effects on economic growth.

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