17. (i) In negotiating a sale the seller S first asks a prices, to which the buyer B counters with an offer b(

Algebra and Trigonometry (6th Edition)
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Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Good day May i please receive help with questions 17i) and ii)

Thank you

17. (i)
In negotiating a sale the seller S f frst asks a price s, to which the
buyer B counters with an offer b(<s,). S then asks
S2 =(s, +b,); and so they proceed, each suggested price or offer
being the average of the last price and offer made. Find the n price,
Sn
asked by S and the nh offer, b,, made by B, and show
that these tend to the same limit (which is the selling price)
tends to infinity.
(ii)
Does it make any difference to the selling price if B takes the
initiative by starting the bidding and, if so, what is the difference?
Transcribed Image Text:17. (i) In negotiating a sale the seller S f frst asks a price s, to which the buyer B counters with an offer b(<s,). S then asks S2 =(s, +b,); and so they proceed, each suggested price or offer being the average of the last price and offer made. Find the n price, Sn asked by S and the nh offer, b,, made by B, and show that these tend to the same limit (which is the selling price) tends to infinity. (ii) Does it make any difference to the selling price if B takes the initiative by starting the bidding and, if so, what is the difference?
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If S begins by asking an initial price x and B cannot afford to pay more than P, what is the highest offer which B should make in reply to the price x asked by S? 

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