Marginal Utility: Sales to the Mathematically-Impaired

Sales to the Mathematically-Impaired

by Ken Houghton

Following up to Tom's comment mentioning that Peet's is served in Select Cities, I find this page offering their Coffees of the Americas.

Note that $10.95 + $10.95 + $12.95 < $37.95. Clearly, like the $100 bill on the sidewalk, this page does not exist.

// posted by Ken Houghton @ 7:35 AM

Comments:

I guess the question is what's the own-price elasticity of demand for the gift box.

# posted by

Tom Bozzo : Fri May 25, 01:03:00 PM