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Bill Created a New Software Program He Is Willing to Sell

question 79

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Bill created a new software program he is willing to sell for $200.He sells his first copy and enjoys a producer surplus of $150.What is the price paid for the software?


Definitions:

Needs Meeting

The process or event where requirements or demands of individuals or groups are addressed and fulfilled.

Fragmentation

The process or state of breaking or being broken into small or separate parts, often leading to a lack of cohesion in areas such as policy or organization.

Coherent Policy

A policy that is logically consistent and well-organized, enabling clear understanding and implementation.

Consistent Services

The delivery of products or support by organizations in a uniform, reliable manner over time to meet customers' or clients' expectations.

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