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3) Anna, Bob, and Catherine have the following willingness to pay for product A and product B: Product B $70 $15 $60 Product A $30 Anna Bob $90 $60 Catherine What are the optimal prices for product A and product B when they are sold separately? What is the profit when the two are sold separately? What is the optimal price for a bundle of product A and product B? What is the profit when the two are bundled?

3) Anna, Bob, and Catherine have the following willingness to pay for product A and product B: Product B $70 $15 $60 Product A $30 Anna Bob $90 $60 Catherine What are the optimal prices for product A and product B when they are sold separately? What is the profit when the two are sold separately? What is the optimal price for a bundle of product A and product B? What is the profit when the two are bundled?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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3) Anna, Bob, and Catherine have the following willingness to pay for product A and product B: Product A Product B Anna $30 $90 $70 $15 $60 Bob Catherine What are the optimal prices for product A and product B when they are sold separately? What is the profit when the two are sold separately? What is the optimal price for a bundle of product A and product B? What is the profit when the two are bundled? $60
Transcribed Image Text:3) Anna, Bob, and Catherine have the following willingness to pay for product A and product B: Product A Product B Anna $30 $90 $70 $15 $60 Bob Catherine What are the optimal prices for product A and product B when they are sold separately? What is the profit when the two are sold separately? What is the optimal price for a bundle of product A and product B? What is the profit when the two are bundled? $60
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