Calculate number of drinks and price for optimal package

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Suppose Chase opens a monopoly drink stand. He has two types of customers. Customers of type A have a demand function Qda= 5-P and customers of type B have a demand function of the form Qdb= 10-2P. Assume Chase has a constant marginal cost of 1 for producing drinks.

-Calculate the number of drinks and price for the optimal package to sell to type B customers

-Calcualte the number of drinks and price for the optimal package to sell to type B customers

-What minimum proportion of the population must be type A in order for Spongebob to offer the drink package for type A consumers?

-What minimum proportion of the population must be type B in order for Spongebob to offer the drink package for type B consumers?

Reference no: EM131387949

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