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.

type A consumers and type B consumers.

Explanation:

The willingness to pay of a consumer is the highest amount a consumer would be willing to pay for a good or service.

The willingness to pay of type a consumers is $150 which is greater than the price of suit, so a trade can take place .

For type b consumers, their willingness to pay is $15p which is greater than the price of a suit. So, a trade can take place for type b consumers.

I hope my answer helps you

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answeri believe this is (true );