Customer Maximum WTP (credits), Age Obi-Wan 500 72 Padme 1000 24 Darth Vader 200 67 Jyn Erso 700 29 Princess Leia 2000 34 Finn 800 29 Luke Skywalker 400 33 Yoda 400 900 How many credits will the Millennium Falcon earn if it price discriminates based on age (65+)? Type your answer...

Customer Maximum WTP (credits), Age Obi-Wan 500 72 Padme 1000 24 Darth Vader 200 67 Jyn Erso 700 29 Princess Leia 2000 34 Finn 800 29 Luke Skywalker 400 33 Yoda 400 900 How many credits will the Millennium Falcon earn if it price discriminates based on age (65+)? Type your answer...

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 6CQQ

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Question

The millennium falcon has 6 seats it sells to prospective passengers. The marginal cost of adding each passenger is $0. The following table describes the potential passengers:

Customer
Maximum WTP (credits),
Age
Obi-Wan
500
72
Padme
1000
24
Darth Vader
200
67
Jyn Erso
700
29
Princess Leia
2000
34
Finn
800
29
Luke Skywalker
400
33
Yoda
400
900
How many credits will the Millennium Falcon earn if it price discriminates based on age (65+)?
Type your answer...
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