A university's students have demand for credit hours given by q = 30 - 0.04p, where p
Question:
a. If the university charges only one price for credit hours irrespective of the number of credit hours a student enrolls for, identify the price per credit hour that would maximize revenue for the university.
b. If the university adopts a two-tier pricing structure, identify the structure that would maximize revenue for the university.
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Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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