How would the answers to Solved Problem 12.1 and Table 12.1 change if seniors reservation price was
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Table 12.1
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(a) No Extra Customers from Price Discrimination Profit from 10 Profit from 20 College Students Pricing Total Profit Senior Citizens $50 Uniform, $5 $100 $150 Uniform, $10 $100 $0 $100 $100 Price discrimination* $100 $200 (b) Extra Customers from Price Discrimination Profit from 10 Profit from 5 College Students Total Profit Pricing Senior Citizens Uniform, $5 $50 $25 $75 Uniform, $10 $100 $0 $100 Price discrimination* $100 $25 $125
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If the reservation price for senior citizens is 5 then the profit maximizing single price ...View the full answer
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