Assume
a
competitive
market
for
tickets
to
see
the
New
York
Knicks.
Assume
quantities
must
be
integers.
Des
and
Flo
each have
six
Knicks
tickets.
The
table
below
gives
the
benefit
that
each
person
receives
from
each
of
her
six
tickets.
(While
Des
receives
a
$118
benefit
from
her
3rd
ticket
if
she
keeps
it,
Flo
receives
a
$88.50
benefit
from
her 3rd
ticket
if
she
keeps
it.)
What
is
the
lowest
market
price
at
which
a
total
of
4
tickets
are
supplied
by
the
two
individuals?
Round
to
two
decimal
places,
and
do
not
enter
the
currency
symbol.
If
your
answer
is
$1.125,
enter
$1.13.
Marginal
Benefit
Marginal
Benefit
Quantity
Des
Flo
1
$163
$108.50
2
$141
$103.50
3
$118
$88.50
4
$93
$82.50
5
$79
$69.50
6
$68
$60.50

Covoovees
SRR
~
Correct
Answer
79.005
margin
of
error
+/
0.005
Each
individual
sells
those
tickets
whose
benefit
is
smaller,
or
equal
to
the
price
received
for
the
ticket.