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6. (10 points) Package deals are common in vacation travel. Paradise Vacations is selling trips to Hawaii for a weekend holiday. The tourists can buy

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6. (10 points) Package deals are common in vacation travel. Paradise Vacations is selling trips to Hawaii for a weekend holiday. The tourists can buy the ights and hotel separately or they can bu the bundle. Bundle (Flight and Hotel) $450 $7 00 $450 The dollar values in the table are the amount each consumer is willing to pay for that partlcular nation- (a) Assume that the Flight and hotel are sold separately. Each consumer hastp be charged the same price for a ight and the same price for a hotel. What would the optimal price be if pricing was done in this manner? Please explain. (b) Assume that only a bundle of the Flight + Hotel are available. What is the optimal bundle price of the bundle? Please explain. (c) Assume that the Flight and the Hotel are available separately and as a bundle. What price of the hotel and ight separately, and then as a bundle would lead to maximum revenue for Paradise Vacations (you will have to determine the individual price and the bundle price)? Please give an explanation

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