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Homework Week 5IndividualProblem 12.1 – Parking Lot OptimizationSuppose 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 thelast month, are you optimizing?
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IndividualProblem 14.4 – Microwave OveA manufacturer of microwaves has discovered that male shoppers have littlevalue for microwaves and attribute almost no extra value to an auto-defrostfeature. Female shoppers generally value microwaves more than men andns