Suppose Two Types of Consumers Buy Suits

question 105

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 answers are correct.

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Definitions:

Job Interview

A formal meeting between a job applicant and an employer, intended to assess the suitability of the applicant for a specific position.

Eye Contact

The act of two people looking into each other's eyes, which is a crucial non-verbal communication tool indicating various emotions and intentions.

Low-Context Culture

A communication style where most of the information is explicitly stated in the message itself, relying less on the context or non-verbal cues.

Receptive Mind-Set

An attitude or readiness to receive new ideas or information without prejudice.