Question: 3 5 0 8 . 5 a ) The reservation prices, in dollars, for three classes of demanders ( A , B , and C
a The reservation prices, in dollars, for three classes of demanders and for three restaurants and are given in the table below. What is the maximum revenue that can be generated by setting a separate price for each of the three restaurants?
tableRestaurantClass
b The reservation prices, in dollars, for three classes of demanders and for three restaurants and are given in the table below. What is the maximum revenue that can be generated by setting a bundled price for each of the three restaurants?
The Steel Company produces its own coal for use in its production facility. The demand for steel is given by and the total cost of producing steel is given by where is tons of steel per week. The price of coal in a perfectly competitive market outside the firm is $ per ton, and the total cost of producing coal is given by where is tons of coal per week. How much coal should the Company produce?
Glyde Air Fresheners is the dominant firm in the solid room aromatizer industry, which has a total market demand given by Glyde has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by If Glyde's total costs are given by what price should Glyde establish for air fresheners?
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