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Business, 02.11.2019 04:31 isaacbrown7one

You run a buffet-style restaurant where the marginal cost of an additional customer is constant at $8. the general public typically likes to eat after 6 pm and has a choke price (no pun intended) of $18. senior citizens often prefer to eat between 4 and 6 and their choke price is $14. if you want to profit maximize in the 4-6 and after 6 markets, what value coupon should you offer in the local magazine for seniors? illustrate and explain your reasoning. [hint: what are the profit-maximizing prices for seniors versus the general public? ] what type of price discrimination is this?

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