Imagite doing economics on a small island with only five people: Ale, Beto, Chad, David and Ephraim. A ship arrives with oranges. Ale wants one and is wiling to pay $2 for it. She would pay $1 for a second orange. Beto is hungry $0 he would pay $3 for an orange, but he wants only one. David does not want to eat an orange; he wants to plant an orange to grow an orange tree. So spends all of his five dollars and then cannot buy pay much for that, even $5. Chad is willing to pay $1 for each orange until he for $2, and then a third orange for $1. Now imagine that you bought your oranges for $0.50 each. You want to maximize your profit, not your revenue. At what price should you sell each of your oranges? a. $1 b. Either \$2 or \$3. Both these prices will gain for you the most profit. c. $4 d. $5