the different types of consumers as they shop. Group A would be willing to pay $500 for the mower and $200 for the trimmer. Group B is willing to pay $200 for the mower and $100 for the trimmer. A lawn mower costs $100 to produce and the trimmer costs $50 to produce. You decide to only sell the trimmer bundled with the mower. The mower is sold separately for $200. If you hope to sell the mower and trimmer bundled together only to Group A, what is the highest price you can charge for the bundle

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Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan