For a Parking Garage of Fixed Capacity,the Owner Sets Different

question 13

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 short-term consumers pay a higher hourly price.
• D)the long-term consumers pay a higher hourly price.
• E)the price paid by both short-term and long-term consumers is equal.

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Definitions:

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The minimal sound element in a language that differentiates words.

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