Suppose you run a resort just outside of Mesquite, Nevada. The following table represent- the maximum willingness to pay for one night stay and one round of golf for David and Joh Assume the marginal cost of a one night stay is $20 and $0 for a round of golf. David John $50 $110 One night stay: One round of golf: $80 $35 If you set prices for lodging and golf individually, you will charge $ type your answer... type your answer... for one night's stay, $ type your answer... for one round of golf, and earn a profit of $ type your answer... If instead you bundle a one-night stay with a round of golf, you will charge $ type your answer... for the bundle and earn a profit of $

Suppose you run a resort just outside of Mesquite, Nevada. The following table represent- the maximum willingness to pay for one night stay and one round of golf for David and Joh Assume the marginal cost of a one night stay is $20 and $0 for a round of golf. David John $50 $110 One night stay: One round of golf: $80 $35 If you set prices for lodging and golf individually, you will charge $ type your answer... type your answer... for one night's stay, $ type your answer... for one round of golf, and earn a profit of $ type your answer... If instead you bundle a one-night stay with a round of golf, you will charge $ type your answer... for the bundle and earn a profit of $

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 6PA

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