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Find restaurant must charge the same price to all customers

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Problem 1: An all-you-can-eat buffet attracts both moderates, who value the buffet at $12 and eat $4 worth of food, and extremes, who value the buffet at $16 and eat $8 of food. If there are 100 potential customers of each type, and the restaurant must charge the same price to all customers, its maximum profit is

A. $1,600.
B. $800.
C. $1,200.
D. $1,000.

Reference no: EM132730694

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