Please help answer part 1,2,3
uestion Completion Status: GoAdventure notices that their customers come in three types that have varying valuations for trips to different locations. There are equal numbers of each type. Each customer is willing to make up to three trips, but never more than one to each location. They value the three locations as follows: Consumer Type Value per trip (willingness to pay) Thailand France Mexico 1000 50 200 2 160 90 1000 3 10 81 5 1 1. If GoAdventure can identify the type of each consumer, how should GoAdventure set its price to type 2 consumers to maximize its profit? 10 points) 2. Suppose GoAdventure cannot identify buyers' types. And further, suppose that GoAdventure can only post prices for individual locations (ie, bundling is impossible). How should GoAdventure price to maximize profits? Show and explain your working clearly. [10 points) 3. Now suppose GoAdventure can bundle, in addition to offering prices for individual locations. How should he price? (Still assuming that GoAdventure cannot identify buyers' types). Show and explain your working clearly. [10 Points uestion Completion Status: GoAdventure notices that their customers come in three types that have varying valuations for trips to different locations. There are equal numbers of each type. Each customer is willing to make up to three trips, but never more than one to each location. They value the three locations as follows: Consumer Type Value per trip (willingness to pay) Thailand France Mexico 1000 50 200 2 160 90 1000 3 10 81 5 1 1. If GoAdventure can identify the type of each consumer, how should GoAdventure set its price to type 2 consumers to maximize its profit? 10 points) 2. Suppose GoAdventure cannot identify buyers' types. And further, suppose that GoAdventure can only post prices for individual locations (ie, bundling is impossible). How should GoAdventure price to maximize profits? Show and explain your working clearly. [10 points) 3. Now suppose GoAdventure can bundle, in addition to offering prices for individual locations. How should he price? (Still assuming that GoAdventure cannot identify buyers' types). Show and explain your working clearly. [10 Points