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:

Perfected

In law, refers to a state where a security interest or lien secures payment or performance of an obligation to its fullest legal extent.

Security Interest

A legal claim or lien on collateral that secures the performance of an obligation, usually repayment of a debt.

Collateral

An asset offered to secure a loan or other credit and subject to seizure upon default.

Security Interests

A lawful demand or security interest on assets that have been offered as a guarantee, typically to ensure the repayment of a borrowed sum.