Question
John buys three units of a good from his local store. He values the first unit at $10, the second at $8 and the third
John buys three units of a good from his local store. He values the first unit at $10, the second at $8 and the third at $7. John is charged a price of per unit for each of the first two units of the good and receives a 50% discount on that price for the third unit. If John's total consumer surplus from the purchase is $5, what price did he pay (per unit) for the first two units?
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
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