Homework Questions 6-5-16 - Richard Borton BUS 5421...

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Richard Borton BUS 5421 Homework Questions 12-1, 14-4, and 14-6 Sunday June 5, 2016 12-1 Parking Lot Optimization Suppose your elasticity of demand for your parking lot spaces is -2, and price is $8 per day. If your MC is zero, and your capacity is 80% full at 9 A.M. over the last month, are you optimizing?
14-4 Microwave Ovens A manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no extra value to an auto-defrost feature. Female shoppers generally value microwaves more than

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