Ch is a potential profit maximizing combination of prices


Problem

Suppose that a restaurant has decided to offer a senior discount, provided the customer can show ID to prove their age. The current optimized price is $12 per meal. Research shows that seniors are willing to pay up to $10 per meal depending on the person, which is still significantly above cost. Given this, which is a potential profit maximizing combination of prices for seniors and non-seniors?

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Business Management: Ch is a potential profit maximizing combination of prices
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