You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7, each successive person is willing to pay a dollar less all the way down to a 10th person willing to take the poster for free. Everyone want's only one poster. If you can only charge one price, what price do you charge?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 1SCQ: Jeremy is deeply in love with Jasmine. Jasmine lives where cell phone coverage is poor, so he can...
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17th Assignment
You have 10 posters.
You know 10 people such that 1 person is willing to pay
$9 for the poster, another $8, another $7, each
successive person is willing to pay a dollar less all the
way down to a 10th person willing to take the poster
for free. Everyone want's only one poster.
If you can only charge one price, what price do you
charge?
Transcribed Image Text:17th Assignment You have 10 posters. You know 10 people such that 1 person is willing to pay $9 for the poster, another $8, another $7, each successive person is willing to pay a dollar less all the way down to a 10th person willing to take the poster for free. Everyone want's only one poster. If you can only charge one price, what price do you charge?
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