For a Parking Garage of Fixed Capacity, the Owner Sets

Multiple Choice

For a parking garage of fixed capacity, the owner sets different parking rates for cars that are parked for less than 24 hours (short-term) and for those that are parked for more than 24 hours (long-term) . To maximize revenue, the operator should set prices and target the number of places for each segment such that:

A) the marginal revenues from the segments are equal.
B) the total revenues from each of the segments are equal.
C) the average revenues from the segments are equal.
D) the long-term consumers pay a higher hourly price.
E) the price paid by both short-term and long-term consumers is equal.