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PEAK LOAD PRICING (This and the next question). Following the procedure that was used in the video, assume you have a parking garage with the
PEAK LOAD PRICING (This and the next question). Following the procedure that was used in the video, assume you have a parking garage with the following demand conditions: QDemanded Peak = 240 - P And QDemanded Off-Peak = 70 - (1/2)*P And assume: MC = ATC = 32 for any level of output up to capacity. Assume capacity is 80 parking spaces. Following the procedure we used in class, which comes closest to the price you charge in OFF-peak times? Multiple Choice 86 76 64 50
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