3. If we know that Joe buys 3 novels each month, we know that the range of possible prices, from maximum to minimum must be:
- $18 to $14
- $20 to $18
- $21 to $19.25
- $22.50 to $21
- $45 to $63
|
Joe's Utility |
Novels | Utility in $ |
0 | $0 |
1 | $25 |
2 | $45 |
3 | $63 |
4 | $77 |
5 | $88 |
6 | $96 |
|