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

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration