{"id":106399,"date":"2022-01-26T09:40:00","date_gmt":"2022-01-26T09:40:00","guid":{"rendered":"https:\/\/essayparlour.com\/paperhelp\/?p=106399"},"modified":"2022-01-26T09:40:00","modified_gmt":"2022-01-26T09:40:00","slug":"three-consumers-john-kate-and-lester-are-in-the-market","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/paperhelp\/business-economics-2\/three-consumers-john-kate-and-lester-are-in-the-market\/","title":{"rendered":"Three consumers, John, Kate, and Lester, are in the market"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<\/tr>\n<tr>\n<td>a. If you are a local farmer who can produce dates and eggs for free, what is the optimal price for dates and eggs if you price them individually? How much profit will you generate?<br \/>\n b. If you bundle dates and eggs together, what price should you set for a bundle containing one package of dates and a dozen eggs? How much profit will you generate?<br \/>\n c. Is there any advantage to mixed bundling in this case? Why or why not?<br \/>\n d. Suppose that the cost of producing dates and eggs rises to $1.00 per package and $1.00 per dozen, respectively.<br \/>\n Now is there any advantage to mixed bundling? Why or why not? Explain your answer with a numerical illustration.<br \/>\n e. What accounts for the change in optimal strategy when costs change?<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<\/p>\n<p>\na. If you are a local farmer who can produce dates and eggs for free, what is the optimal price for dates and eggs if you price them individually? How much profit will you generate?<br \/>\n b. If you bundle <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-106399","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/comments?post=106399"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106399\/revisions"}],"predecessor-version":[{"id":106400,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/posts\/106399\/revisions\/106400"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/media?parent=106399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/categories?post=106399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/paperhelp\/wp-json\/wp\/v2\/tags?post=106399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}