Question: A bar wants to implement a two-part tariff pricing system, charging a cover fee to enter the bar and a separate price per drink. What

A bar wants to implement a two-part tariff pricing system, charging a cover fee to enter the bar and a separate price per drink. What information does the bar's manager need in order to determine the right per-drink price? The quantity at which profit will be maximized Consumers' willingness to pay for each unit The customers' consumer surplus The marginal cost of each drink

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The personal characteristics of the sender

The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.