Question: Please explain it details. 17.6 Dingbat Airlines has regular flights between Ypsilanti and Kalamazoo. It can treat business and pleasure travelers as separate markets by

Please explain it details. 17.6 Dingbat Airlines has regular flights between

Please explain it details.

17.6 Dingbat Airlines has regular flights between Ypsilanti and Kalamazoo. It can treat business and pleasure travelers as separate markets by demanding advance purchase and Saturday night stay-over for pleasure travelers. Suppose that it notes a demand function of Q = 16-p for business travelers and a demand function Q = 10-pfor pleasure travelers and that it has a cost function for all travelers of C() = 10+ How much should it charge in each market to maximize its profit

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