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2U percent are regular. Also, tne company can otter tnree categories of cabin: first-class, business and economy. T table below describes the willingness tn pay
2U percent are regular. Also, tne company can otter tnree categories of cabin: first-class, business and economy. T table below describes the willingness tn pay for each category of cabin by each type of passenger Again, all ii are in dollars. Cabin Costs Willingness to pay Regular passenger Upper-regular High-end First-class 110 150 'F 100 Business Economy 30 (g) Suppose that the cruise lin able to identify the type (high-end, upper-regular or regu of every potential passenger in the market. Then, the crui line can choose which category of cabin to offer to each passenger, and at which price, What category of cabin w Gulliver's offer to regular passengers, and what price wo it charge for that cabin? What about upper-regular passengers? What about the high-end passengers? More realistically, Gulliver's cannot tell one type of passenger apart from the other in advance. It just sets the prices of class, business and economy cabins, and lets each custo decide which category to buy. (h) I will not ask you find
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