1. Suppose you were head of a nationwide hotel chain that had a supply of 10,000 rooms. And suppose that the demand schedule for these rooms per night was as follows:

What would be the most profitable price, assuming you had a single-price policy? Now suppose you can price discriminate. How would you price your rooms and calculate the resulting total revenue?
(Hint: think of specific rates for senior citizens, government employees, corporations, conventions, and those with advance reservations. You can add your own ideas to price discriminate.)

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PRICE QUANTITY DEMANDED $100 1,000 80 2,000 70 3,000 60 4,000 50 6,000 20 10,000 10 15,000