11. Suppose, at a party for economics majors, you win a choice among three mystery boxes. You...
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11. Suppose, at a party for economics majors, you win a choice among three mystery boxes. You don’t know what each contains, but you know that each box has a pair of gifts. You know that one box has a CD and a pair of sunglasses, another has tickets to a Flaming Lips concert and a gift certificate to a close-by restaurant for dinner before the concert, and the other has two very similar textbooks on economics. The only clue given is the cross elasticities among the gifts in each box: for the red box, cross elasticity is þ1.5, for the blue box, 1.5, and for the white box, 0. If you wanted the dinner and concert pair, which box would you pick?
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