Half of all your potential customers would pay $16 for your product but the other half would only pay $10 . You cannot tell them apart. Your marginal costs are $4 . If you set the price at $10, the expected profit is:
a. $3
b. $4
c. $5
d. $6
d
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Which of the following is not an in-kind benefit?
a. A company life insurance policy. b. A company health plan. c. A company's annual holiday bonus. d. A company car.
Restricting imports of Brazilian shoes will
a. raise the price of both Brazilian and domestically produced shoes b. raise the price of Brazilian shoes but lower the price of domestically produced shoes c. lower the price of Brazilian shoes but raise the price of domestically produced shoes d. lower the price of both Brazilian and domestically produced shoes e. benefit the producers of shoes in Brazil
Which of the following was NOT an argument in favor of the United Kingdom (UK) leaving the European Union (EU)?
A. Proponents of leaving wanted greater control over immigration. B. Proponents of leaving believed the UK paid a disproportionate share of membership fees. C. Proponents of leaving wanted greater access to markets in the other EU member countries. D. Proponents of leaving stressed that the UK needed to reestablish British sovereignty.
Per Capita Real GDP
What will be an ideal response?