Question
1.Construction of the new airport terminal has gone over budget and the Airport Authority needs every dollar it can get to pay its debt. They
1.Construction of the new airport terminal has gone over budget and the Airport Authority needs every dollar it can get to pay its debt. They have asked your advice on a pricing strategy for parking at the airport. They know there are three types of parking users: 1) Short term users, who come to the airport to drop off or pick up passengers and stay for two hours or less; 2) Business travelers, who are away for one to four days; and 3) Leisure travelers that need parking for a week or more. Refer to the diagram below to explain how the airport could maximize its profits from parking.
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