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6. There is only one hotel on Sunshine Island. The hotel's costs and revenue are given in the following table (the prices given in the
6. There is only one hotel on Sunshine Island. The hotel's costs and revenue are given in the following table (the prices given in the table are for a one-night stay at the hotel.) Price Quantity REetillile 1:331:21 Total Cost M3333] $160 0 $0 - $100 - $140 2 $280 $140 $150 $25 $120 4 $480 $100 $230 $40 $100 6 $600 $60 $350 $60 $80 8 $640 $20 $520 $85 $60 10 $600 -$20 $750 $115 $40 12 $480 -$60 $1,050 $150 a) From the information in the table, what price should the hotel charge for a room? Explain. b) How many rooms will the hotel rent if it wants to maximize its prot? Explain. c) How much prot will the hotel earn when it is maximizing its prot? Show your calculation and explain. 7. What is product differentiation? List and explain three ways that a co'ee shop can differentiate their product
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