Solved

The Hilton Hotel Chain Serves Both Business and Vacation Travelers

Question 34

Multiple Choice

The Hilton Hotel chain serves both business and vacation travelers. and <sub> </sub>represent the demand and marginal revenue for business travelers,while and are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MR<sub>T</sub> is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers? A) $60 B) $80 C) $100 D) $120 E) $140 The Hilton Hotel chain serves both business and vacation travelers. The Hilton Hotel chain serves both business and vacation travelers. and <sub> </sub>represent the demand and marginal revenue for business travelers,while and are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MR<sub>T</sub> is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers? A) $60 B) $80 C) $100 D) $120 E) $140 and The Hilton Hotel chain serves both business and vacation travelers. and <sub> </sub>represent the demand and marginal revenue for business travelers,while and are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MR<sub>T</sub> is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers? A) $60 B) $80 C) $100 D) $120 E) $140 represent the demand and marginal revenue for business travelers,while The Hilton Hotel chain serves both business and vacation travelers. and <sub> </sub>represent the demand and marginal revenue for business travelers,while and are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MR<sub>T</sub> is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers? A) $60 B) $80 C) $100 D) $120 E) $140 and The Hilton Hotel chain serves both business and vacation travelers. and <sub> </sub>represent the demand and marginal revenue for business travelers,while and are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MR<sub>T</sub> is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers? A) $60 B) $80 C) $100 D) $120 E) $140 are the demand and marginal revenue for vacation travelers.If marginal cost decreases to the point that total marginal revenue MRT is not shown in the figure) for Hilton at the profit-maximizing level of total output is $40,what price should the Hilton charge BUSINESS travelers?


A) $60
B) $80
C) $100
D) $120
E) $140

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: To successfully practice price discrimination<br>A)the firm must

Q29: Drill Quest,Inc.manufactures drill bits for the oil

Q30: A firm faces the demand for its

Q31: Black Diamond Tennis & Golf Club offers

Q32: A firm sells two goods X and

Q33: Black Diamond Tennis & Golf Club offers

Q35: A firm sells its product to two

Q36: Drill Quest,Inc.manufactures drill bits for the oil

Q37: The following graph shows the demands and

Q39: A firm is producing two goods X