Compute the Reservation Price. Suppose the range of prices for a consumer good is $20 to $60, and all prices in this range are equally likely. a.Fill in the blanks in the table. b. If the marginal...

Compute the Reservation Price. Suppose the range of prices for a consumer good is $20 to $60, and all prices in this range are equally likely.

a.Fill in the blanks in the table.

b. If the marginal cost of search is $1.25, the reservation price is
.