Your friend sells wagons. She knows that at $100, she can sell 250 units. She also...
Your friend sells wagons. She knows that at $100, she can sell 250 units. She also knows that at $130, she can sell 210 units.
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What is her Maximum Willing to Buy?
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What is the market’s Maximum Reserve Price?
Homework Answers
Answer:
Knoun Price =$100
Unit Hvae =250
She Also Known that price $130
Sales Unit =210
Calculation of maximum willing to buy
=$130 per share
Calculation of MAximum Reserve price
=$130-100*210
=$6300
=$130*210
=273000
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