Suppose you are shopping at a farmers' market Tony Pizur @Regis Math

Question 2 / 60: Suppose you are shopping at a farmers' market at 4:59 p.m. It closes at 5 p.m. At the end of the day, the farmer will have to discard her lettuce. The price of the lettuce is $3. You are willing to pay $1.00 for the lettuce. What is the Pareto optimal price for the lettuce?

A $0

B $1

C $2

D $3

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Math for Economists ECON200

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Prof.Tony PizurProfessor

Regis University

USA

Attribution: Tony Pizur. Math for Economists (The Saylor Academy 2014), http://www.saylor.org/courses/econ200/

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