Homework Week 5.docx - Homework Week 5 Individual Problem...

Homework Week 5
Individual Problem 12.1 – Parking Lot O ptimi za tion
  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?
Individual Problem 14.4 – Microwave O v e
  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 men and
ns