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Carrying a second bucket down the hill

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Reference no: EM131772006

Jill and Jack both have two pails that can be used to carry water down from a hill. Each makes only one trip down the hill, and each pail of water can be sold for $5. Carrying the pails of water down requires considerable effort. Both Jill and Jack would be willing to pay $2 each to avoid carrying one bucket down the hill, and an additional $3 to avoid carrying a second bucket down the hill.

Reference no: EM131772006

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