Tom tunes pianos in his spare time for extra income. Buyers are willing to pay $155 per tuning. One particular week, Tom is willing to tune the first piano for $120, second piano for $125, third piano for $140, and fourth piano for $160. Assume Tom is rational in deciding how many pianos to tune. How many pianos will he tune? 2 3 O

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.2P
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Tom tunes pianos in his spare time for extra income. Buyers are willing to pay $155
per tuning. One particular week, Tom is willing to tune the first piano for $120, second
piano for $125, third piano for $140, and fourth piano for $160. Assume Tom is
rational in deciding how many pianos to tune. How many pianos will he tune?
2
3
O
1
Transcribed Image Text:Tom tunes pianos in his spare time for extra income. Buyers are willing to pay $155 per tuning. One particular week, Tom is willing to tune the first piano for $120, second piano for $125, third piano for $140, and fourth piano for $160. Assume Tom is rational in deciding how many pianos to tune. How many pianos will he tune? 2 3 O 1
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