Having surveyed them he finds out that 2 of the pistachio


John sells pistachios and almonds at the farmer's market. Pistachios sell for $7 a bag while almondssell for $4 a bag. He sees that every hour 4 people buy the pistachio bag only and 2 people buy thealmond bag only. Having surveyed them he finds out that 2 of the pistachio buyers are willing to pay$2 for the almonds bag, while the other two are willing to only pay $1. Both of the almond buyerswould be willing pay $5 for the pistachio bag. What is the revenue maximizing price for a bundle?

Solution Preview :

Prepared by a verified Expert
Business Management: Having surveyed them he finds out that 2 of the pistachio
Reference No:- TGS02201940

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)