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Suppose that Ed Sheeran visits Store A and finds that the price for a pack of guitar picks to be $5.00. He expects that, at

Suppose that Ed Sheeran visits Store A and finds that the price for a pack of guitar picks to be $5.00. He expects that, at Store B, the price is $3.00 with probability 50% and $6.00 with probability 50%. The opportunity cost of visiting Store B is $0.60. Willingness to pay is $10.00. Suppose that if Ed decides to go to Store B, then he does not come back to Store A

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