(b) Suppose the following consumer's have the reserve prices (Table 1) for two goods, sold by the same firm. The good is produced and sold at 0 marginal cost. Table 1 Good 1 (Reserve Price $) Good 2 (Reserve Price $) Consumer 1 7 2 3 3 9. 4 3 8 4 The optimal bundle price for the firm is $

(b) Suppose the following consumer's have the reserve prices (Table 1) for two goods, sold by the same firm. The good is produced and sold at 0 marginal cost. Table 1 Good 1 (Reserve Price $) Good 2 (Reserve Price $) Consumer 1 7 2 3 3 9. 4 3 8 4 The optimal bundle price for the firm is $

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter6: Demand Relationships Among Goods

Section: Chapter Questions

Problem 6.4P

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Question

(b) Suppose the following consumer's have the reserve prices (Table 1) for two goods, sold by the same firm. The
good is produced and sold at 0 marginal cost.
Table 1
Good 1 (Reserve
Price $)
Good 2 (Reserve
Price $)
Consumer
1
7
2
6
3
3
9.
4
5
3
5
8
4
The optimal bundle price for the firm is $

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