Question
A local gym plans to use third-degree price discrimination to set its family and corporate rates. The demand for family memberships is = 246 5
A local gym plans to use third-degree price discrimination to set its family and corporate rates. The demand for family memberships is = 246 5 and the demand for corporate memberships is = 517.5 12.5. The gym's cost is = 3,000 + 2.5.
a How many memberships of each will the firm sale under third-degree price discrimination?
b What price will the firm charge for each type of memberships under third-degree price discrimination?
c What profits will the firm make in total under third-degree price discrimination?
d If the law goes not allow the gym to price discriminate, what profits will the firm make in total under uniform pricing (hint: add the original demands to find the total demand)?
Pls help a b c d correct
Don't answer by pen paper
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