Question: Please help to solve this microeconomic (Industrial Organization)'s calculation question. It has three parts. Detailed steps/explanations are required. Thanks! 5_ The per-visit costs of serving
Please help to solve this microeconomic (Industrial Organization)'s calculation question.
It has three parts.
Detailed steps/explanations are required.
Thanks!


5_ The per-visit costs of serving H type and L type are different. Therefore, there is price discrimination because the difference in the average pervisit price paid by these two types is exactly reflecting the cost difference. True or False? (05 marks) True False Calculation 1 A gym serves two types of customers, H and L, and the monopoly can easily identify them. The individual demand function is QH = 200 - 3PH for each H type and QL = 80 - 10PL for each L type. The constant per-visit marginal cost of serving H type is 30, while it is 5 for L type. Suppose the monopoly practices first-degree price discrimination using block pricing. 3. Fill in the blanks (1 mark) What are the fees of the profit-maximizing packages? . Fee for H type package: Fee for L type package: 2 Enter the correct answer below. Please enter a number for this text box. 2 Please enter a number for this text box. 4. Fill in the blanks (0.5 marks) Based on the optimal block pricing you have obtained in Question 3: On average, how much does an H type consumer pay for each visit? On average, how much does an L type consumer pay for each visit? 2 Enter the correct answer below. Please enter a number for this text box. 2 Please enter a number for this text box
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