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

question 11

Multiple Choice

The reservation prices,in dollars,for three classes of demanders (A,B,and C) for three restaurants (1,2,and 3) are given in the following table.What is the maximum revenue that can be generated by setting a separate price for each of the three restaurants?

• A) $59.
• B) $75.
• C) $81.
• D) $89.
• E) None of the above.

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Definitions:

Creative

The ability to think of new and original ideas; characterized by innovation and imagination.

Tend-And-Befriend Response

A behavioral response to stress that involves seeking social support and nurturing others, as opposed to fight-or-flight reactions.

Stressful Situation

Circumstances or events that cause a significant amount of stress, anxiety, or discomfort in individuals.

Affiliation-Related Behaviors

Actions and conduct associated with establishing and maintaining social connections with others.