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Suppose the Bluemont Hotel in Aggieville has a summer demand of: P1 = 120 - 4Q1, where P is the price of a room per

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Suppose the Bluemont Hotel in Aggieville has a summer demand of: P1 = 120 - 4Q1, where P is the price of a room per night, and Q is rooms sold. Fall demand (football!) is given by P2 = 200 - 2Q2. The hotel's marginal costs are MC = 20 + 2Q, which is increasing in Q clue to capacity constraints. Suppose that the hotel engages in peak load pricing. During the summer, the prot-maximizing output is equal to: 024 010 018 022 Suppose the Bluemont Hotel in Aggieville has a summer demand of: P1 = 120 - 4Q1, where P is the price of a room per night, and Q is rooms sold. Fall demand (football!) is given by P2 = 200 - 2Q2. The hotel's marginal costs are MC = 20 + 2Q, which is increasing in Q due to capacity constraints. Suppose that the hotel engages in peak load pricing. During the summer, the prot-maximizing price is equal to: 066 060 068 080 Suppose the Bluemont Hotel in Aggieville has a summer demand of: P1 = 120 - 4Q1, where P is the price of a room per night, and Q is rooms sold. Fall demand (football!) is given by P2 = 200 - 2Q2. The hotel's marginal costs are MC = 20 + 2Q, which is increasing in Q due to capacity constraints. Suppose that the hotel engages in peak load pricing. During the fall, the prot-maximizing output is equal to: 045 040 025 030 Suppose the Bluemont Hotel in Aggieville has a summer demand of: P1 = 120 - 4Q1, where P is the price of a room per night, and Q is rooms sold. Fall demand (football!) is given by P2 = 200 - 2Q2. The hotel's marginal costs are MC = 20 + 2Q, which is increasing in Q due to capacity constraints. Suppose that the hotel engages in peak load pricing. During the fall, the prot-maximizing price is equal to: O 140 O 100 090 O 110

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