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An all-you-can-eat buffet attracts both moderates, whovalue the buffet at $12and eat $4 worth of food, and extremes, who value the buffet at $16and eat
An all-you-can-eat buffet attracts both moderates, whovalue the buffet at $12and eat $4 worth of food, and extremes, who value the buffet at $16and eat $8of food.If there are 100 potential customers of each type, and the restaurant must charge the same price to all customers, itsmaximum profit is
A. $1,600.
B. $800.
C. $1,200.
D. $1,000.
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