The reservation prices in dollar, for three classes of demanders (A, B, and C) f
ID: 1188704 • Letter: T
Question
The reservation prices in dollar, for three classes of demanders (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 bundled price for the three restaurants? 446, $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 X). He marketing division adds its own total costs of 5 + 3Q. In the competitive external market for X. the wholesale price is The transfer price of x 'should be: a- $2. $5. $10. $12. $15. A market where there are only a few sellers is known as. a. perfectly competitive, monopolistically competitive. oligopolistic. monopolistic. cartelized. In the model of oligopoly, there: a. are many firms producing differentiated products. is one firm producing undifferentiated products. are a few firms producing differentiated or undifferentiated products are many firms producing undifferentiated products. is one firm producing a highly differentiated productExplanation / Answer
17)
The best bundled price that can be offered to consumers is by bundling three classes in Restuarant 1 and the total price will be $28
The revenue earned from three demanders = $ 28X3
Maximum revenue = $ 84
18) Answer C
If an external market exists for the product X , then the transfer price is equal to the wholesale price i.e $ 10 .
19) C
20) C
Restaurant Class 1 2 3 A 12 5 7 B 7 11 20 c 9 15 6 Total 28 31 33