Question
Anna's Antiques expects to get two customers for a unique china teacup it sells. Each of the customers can either have a high-value of $100
Anna's Antiques expects to get two customers for a unique china teacup it sells.Each of the customers can either have a high-value of $100 or a low-value of $70 with equal probability.What is the expected revenue from setting the price at $100?
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
