Question
Y6 Leeza's store sells pants and shirts. She has two types of customers. Their willingness-to-pay for pants and shirts are given in the table below.
Y6
Leeza's store sells pants and shirts. She has two types of customers. Their willingness-to-pay for pants and shirts are given in the table below. When pricing separately, what will be the prices of pants? What will be the price of shirts? If leeza bundles them, what would she charge for the bundle? For simplicity, assume that the cost of production is 0.
| Pants | shirts | |
| Type I | 8 | 5 |
| Type II | 6 | 8 |
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
