What price will you charge for adult dinners

Reference no: EM133635679

Discussion Post: Business Finance - Economics

Say that you are a manager for Bloomin' Brands, the restaurant company that owns Outback Steakhouse. Your research department has determined that the demand from adults is different than the demand from seniors and has estimated the demand curves shown in Figures (a) and (b). Your estimate of the marginal cost curve appears in Figure (c).

Question I. To maximize your profit, how many dinners should you sell in a month?

Question II. What price will you charge for adult dinners? How many dinners will you sell to adults in a month?

Question III. What price will you charge for senior dinners? How many dinners will you sell to seniors in a month?

Reference no: EM133635679

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