Order the answer to: Your store sells an item desired by a consumer.

Assignment Help business-economics Order the answer to: Your store sells an item desired by a consumer.

business-economics

Order the answer to: Your store sells an item desired by a consumer.

Question a. What is the consumerâ??s reservation price? b. If your price is $3 and the consumer visits your store, will she purchase the item or continue to search? Explain. c. Suppose the consumerâ??s cost of each search rises to $16. What is the highest price you can charge and still sell the item to the consumer if she visits your store? d. Suppose the consumerâ??s cost of each search falls to $2. If the consumer finds a store charging $3, will she purchase at that price or continue tosearch?
Subject business-economics
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