Camp Wood Apocalypse

Sent by Jonathan Stark on August 29th, 2018

Time for a pop quiz:

Let’s say you live near a popular campground. To make a little extra money, you and all your neighbors sell firewood at the end of your driveways for $3 per bundle.

You know that your cost per bundle averages out to $2, so each sale nets each of you $1 of profit per bundle.

You know your neighbors’ prices (i.e., $3 per bundle) but you don’t know their costs, so you don’t know what their net profit per bundle is.

Then one day, your neighbor Alice lowers her price to $2.75 per bundle.

And then the next day, your neighbor Bob lowers his price to $2.50 per bundle.

Your move.

What do you do?

Hit reply and let me know.

(Please let me know in your reply if it’s okay for me to share your answer)

Yours,

—J  


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