The Reservation Prices,in Dollars,for Three Classes of Demanders (A,B,and C)for

question 18

Multiple Choice

The reservation prices,in dollars,for three classes of demanders (A,B,and C) for two restaurants (1 and 2) are given in the following table.What is the maximum revenue that can be generated by setting a separate price for each restaurant?

• A) $49.
• B) $45.
• C) $36.
• D) $34.
• E) $30.

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Definitions:

Significance

The quality of being worthy of attention; importance, especially in terms of having a meaningful impact.

Design Thinking

An iterative and human-centered approach to problem-solving that involves empathy, ideation, prototyping, and testing.

Sustainability

The ability to maintain or support a process continuously over time, often with a focus on minimizing negative environmental impacts.

AEIOU Model

A framework used in design thinking and ethnographic research, focusing on Activities, Environments, Interactions, Objects, and Users.