a. -17. are given in the following table. What is the maximum revenue that can b

Question

a. -17. are given in the following table. What is the maximum revenue that can be generated by setting a bundled price The reservation prices, in dollars, for three classes of demander, C4, B, and C) for three restantams (1,2, and S for the three restaurants? Restauran 12 20 15 a. $46, b. $52 c. $63 18. A grm has a division that produces X, whose total costs are TC-10+(where Q is the quantity of Harketing division adds its own total costs of 5 + 30. In the competitive external market for X-thew price is S10. The transfer price of X should be: a. $2. $5. S10. d. $12 e. $15 A market where there are only a few sellers is known as: a. perfectly competitive b. monopolistically competitive. 19. c. oligopolistic. d. monopolistic. e. cartelized In the model of oligopoly, there: 0

Explanation / Answer

Bundle price is the lowest-demanded price of customer offered by a producer.

Bundle prices of each restaurant are given below:

1

2

3

A

7

5

6

B

7

5

6

C

7

5

6

Total

21

15

18

Maximum revenue = Aggregate revenues of each restaurant

                               = 21 + 15 +18

                               = 54 (Answer)

1

2

3

A

7

5

6

B

7

5

6

C

7

5

6

Total

21

15

18

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