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August 29, 2015

Homework Help: Managerial Economics

Posted by BJ on Thursday, December 24, 2009 at 6:34pm.

A CA resort offers year-round activities and the resort's operating costs are essentially the same in winter and summer. Mgmt charges higher nightly rates in the winter, when its average occupancy rate is 75%, than in the summer, when its occupancy rate is 85%.

My question is, this can also be consistent with profit maximization, correct?

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