To examine pricing decisions regarding your new gutter-cleaner (a nozzle that attaches to a hose and allows you to clean out gutters from the ground), suppose you survey 1000 consumers selected at random. To each consumer, you exhibit the product. For 500 consumers you offer the product at $20, for the other 500, you offer the product at $25. The results are that 250 of the $25 consumers buy and 300 of the $20 consumers buy. Suppose your marginal costs of production are $5 per cleaner.
(a) What price would you charge? Be sure to consider prices other than $20 and $25. You can assume that the demand curve is linear. (Note: you do not need a computer to perform "regression" analysis here – with these two observed points, you should be able to manually compute the slope and intercept of the demand curve you are facing)
(b) Would you want to do additional consumer surveys? Why or why not?

going on the gulag might you to find a better answer for that problem

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.