In Longolia,beer drinking is associated with blood types.The demand for beer of the three major blood groups is shown below:

-Refer to the above information to answer this question.If the beer producers could price discriminate on the basis of blood types,what would be their maximum total revenue?

Question

In Longolia,beer drinking is associated with blood types.The demand for beer of the three major blood groups is shown below:
 
-Refer to the above information to answer this question.If the beer producers could price discriminate on the basis of blood types,what would be their maximum total revenue?

Quizplus · Accepted Answer

Price discrimination allows a seller to charge the maximum price that each consumer is willing to pay. In this scenario, the maximum total revenue would be achieved by summing up the highest price each consumer with a different blood type is willing to pay.

In Longolia,beer Drinking Is Associated with Blood Types