After talking your managerial economics class, you realize that you can probably raise your profits by price discriminating by charging different prices in the two locations. You then breakdown sales across the two locations In Laredo: You sold 200 burger meals per week at $9 and 100 meals at $10 In San Antonio: You sold 1200 meals per week at $9 and 1100 meals at $10 Using the two prices above, estimate your demand function in Laredo. What would demand be at the optimal price from Q1?
After talking your managerial economics class, you realize that you can probably raise your profits by price discriminating by charging different prices in the two locations. You then breakdown sales across the two locations In Laredo: You sold 200 burger meals per week at $9 and 100 meals at $10 In San Antonio: You sold 1200 meals per week at $9 and 1100 meals at $10 Using the two prices above, estimate your demand function in Laredo. What would demand be at the optimal price from Q1?
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 26QP
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After talking your
In Laredo: You sold 200 burger meals per week at $9 and 100 meals at $10
In San Antonio: You sold 1200 meals per week at $9 and 1100 meals at $10
- Using the two prices above, estimate your demand function in Laredo. What would demand be at the optimal price from Q1?
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