Question
NOTE: THIS IS FOR A NON-GRADED QUIZ. Tickets to a Chippewas game are sold out and available only on a black-market basis.Sally and Mike are
NOTE: THIS IS FOR A NON-GRADED QUIZ.
Tickets to a Chippewas game are sold out and available only on a black-market basis.Sally and Mike are big Chippewas fans and work together at a local bar.Mike tells Sally that he will go buy some tickets and asks her how many she wants.
Sally replies: "If the price per ticket is $150, buy one ticket for me.If the price per ticket is $100, buy two tickets for me. And, if the price per ticket is $50, buy three tickets for me."
Mike responds: "What are you talking about?You're saying you're willing to pay more in total for two tickets than for three.You are behaving irrationally."
Evaluate Mike's statement.Is Sally behaving irrationally?
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French Banking And Entrepreneurialism In China And Hong Kong From The 1850s To 1980s
Authors: Hubert Bonin
1st Edition
0429560095, 9780429560095
