The reservation prices, in dollars, for three classes of demanded (A. B. and c)
ID: 1188703 • Letter: T
Question
The reservation prices, in dollars, for three classes of demanded (A. B. and c) for three restaurants(1,2, and 3) are given in the following table What is the maximum revenue that can be generated by setting a bundle price for the restaurants? $46. $52. $63. $72. $84. A firm has a division that produces X, whose total costs are TC=10+Q2 (Where Q is the quantity of marketing division adds its own total costs of 5+3Q.In the competitive external market for X, the price is$10.The transfer price of X should be: $2. $5. $10. $12. $15. A market where there only a few sellers is known as:Explanation / Answer
The answer is d. 72. This has been calculated by first adding the prices of class A for all three resturants , that comes to $24, so as we know class A is preferable to all other classes. So here we are multilying $24 with 3 that is to account of all three classes. So we get answer of $72.