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?