Revenue maximizing price for a bundle

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John sells pistachios and almonds at the farmer's market. Pistachios sell for $7 a bag while almondssell for $4 a bag. He sees that every hour 4 people buy the pistachio bag only and 2 people buy thealmond bag only. Having surveyed them he finds out that 2 of the pistachio buyers are willing to pay$2 for the almonds bag, while the other two are willing to only pay $1. Both of the almond buyerswould be willing pay $5 for the pistachio bag. What is the revenue maximizing price for a bundle?

Reference no: EM131405311

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