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The inverse demand curve facing a resort hotel is 400- PL = 100-QL 350- during the low season and 300- PH = 350 - QH

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The inverse demand curve facing a resort hotel is 400- PL = 100-QL 350- during the low season and 300- PH = 350 - QH 250- during the high season. The resort's marginal cost is $50 per night in cleaning costs for the room and general maintenance and p. $ per night 200- administration. The resort only has 75 rooms. What is the resort's profit-maximizing peak-load pricing strategy? Illustrate the 150- solution in a diagram. 1.) Using the point drawing tool, indicate the profit-maximizing price 100- during the low season. Label this point'er." 50- MC 2.) Using the point drawing tool, indicate the profit-maximizing price MR during the high season. Label this point 'eH " 50 100 150 200 250 300 350 400 Q, Rooms per night Carefully follow the instructions above, and only draw the required objects

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