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Support that there are 7 potential purchasers of a Krustyburger, Each individual will buy al most one burger and Krustyburger has a monopoly. The table
Support that there are 7 potential purchasers of a Krustyburger, Each individual will buy al most one burger and Krustyburger has a monopoly. The table below bats their maximum willingness to pay and their ages. The cast of production for each Krustyburger is zero Name, age Maximum Willingness to Pay Margo, 34 Homer 38 $10 Lisa. 7 Maggie, 2 Nod 46 Quimby, 50 ST Dart, 9 Suppose that instead, they have two prices: one price for adults (over the age of 13) and one for children. What price will they wait for cichit ( The price for adults will be $7 and the price for children will be $3 O b. The price for adults wil be $3 and the prion for children will be $1 OF The price for adults will be $4 and the price for children will be $3 @ d The price for adults will be $10 and the price for children will be $3
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