Quantity of Resort Units 150 200 250 300 350 Marginal Capacity Cost $5,000 $5,000 $5,000 $5,000 $5,000 OA $2,000 OB. $2,500 OC. $1,750 OD. $1,250 Marginal Operating Peak Marginal Cost $1,000 $1,000 $1,000 $1,000 $1,000 Revenue $8,000 $7,500 $6,700 $6.000 $5,000 Off-Peak Marginal Peak Revenue Demand $2.000 $1,500 $10,000 $8,000 $1,000 $7,800 $750 $7,000 $500 $6.250 Off-Peak Demand $2,500 $2.000 $1,750 $1,250 $1,000 The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units What is the profit-maximizing price for Gorgeous Sands Resort to charge during the off-peak period?

Quantity of Resort Units 150 200 250 300 350 Marginal Capacity Cost $5,000 $5,000 $5,000 $5,000 $5,000 OA $2,000 OB. $2,500 OC. $1,750 OD. $1,250 Marginal Operating Peak Marginal Cost $1,000 $1,000 $1,000 $1,000 $1,000 Revenue $8,000 $7,500 $6,700 $6.000 $5,000 Off-Peak Marginal Peak Revenue Demand $2.000 $1,500 $10,000 $8,000 $1,000 $7,800 $750 $7,000 $500 $6.250 Off-Peak Demand $2,500 $2.000 $1,750 $1,250 $1,000 The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units What is the profit-maximizing price for Gorgeous Sands Resort to charge during the off-peak period?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Subject : Engineering Economics Please write handwritten Answer And Explain Briefly
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