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Ps = 500 - 205 In winter the inverse demand is Pw = 500 - Qw For simplicity, assume Paradise has no limit on the
Ps = 500 - 205 In winter the inverse demand is Pw = 500 - Qw For simplicity, assume Paradise has no limit on the number of yachts available for rental on a monthly basis and that the marginal cost of production is zero. The profit-maximizing peak-load price for the summer is Ps = $ 250 and the optimal peak-load price for the winter is Pw = $ 250 (Enter your response rounded to two decimal places.) Consumer surplus (CS) is CS = $ 46875 With peak-load pricing, the firm's profit (T) is 1 = $ 93750 When charging a single price for both seasons, the firm's profit-maximizing price is p=$1 Enter your answer in the answer box and then click Check Answer. Ps = 500 - 205 In winter the inverse demand is Pw = 500 - Qw For simplicity, assume Paradise has no limit on the number of yachts available for rental on a monthly basis and that the marginal cost of production is zero. The profit-maximizing peak-load price for the summer is Ps = $ 250 and the optimal peak-load price for the winter is Pw = $ 250 (Enter your response rounded to two decimal places.) Consumer surplus (CS) is CS = $ 46875 With peak-load pricing, the firm's profit (T) is 1 = $ 93750 When charging a single price for both seasons, the firm's profit-maximizing price is p=$1 Enter your answer in the answer box and then click Check
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