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Amy is a Personal Trainer (PT). She can take as a MONOPOLY in her special training methods. The following table include the maximum price of
Amy is a Personal Trainer (PT). She can take as a MONOPOLY in her special training methods. The following table include the maximum price of her clients can afford weekly in two centres, Shatin and Causeway Bay respectively. The rent for the above centres is $350 each weekly. For one hr class delivered, Amy haste give up her part time job which can earn $370M. Assumption: no other costs for simplicity. Client Centre maximum price of her clients can afford A Causeway Bay 500 B Causeway Bay 490 C Causeway Bay 480 D Causeway Bay 470 E Shatin 460 F Causeway Bay 450 G Shatin 440 H Causeway Bay 430 I Shatin 420 J Causeway Bay 410 K Shatin 400 L Shatin 390 M Shatin 380 N Shatin 370 (3') Amy wants to set a price for all clients. From the table, calculate the prot-maximizing price and what would be the economic prot? {ii} Amy found that the maximum price of her clients can afford in the 2 centres are slightly different. She decides to set 1 price for clients in Shatin centre and 1 price for those in Causeway Bay centre. Then, what would be prot-maximizing price for Shatin centre and Causeway Bay centre respectively? If y does it this way, would she serve more clients? Would she earn more total prot than (J)? Show your steps. (iii) Is the Strategy in part (ii) feasible? Give 3 reasons behind
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