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## Suppose there are three types of customers who frequent Loui

Paper help Economics Suppose there are three types of customers who frequent Loui

# Suppose there are three types of customers who frequent Loui

Suppose there are three types of customers who frequent Louisiana Fried Chicken (LFC), a fast food c… Show more; Suppose there are three types of customers who frequent Louisiana Fried Chicken (LFC), a fast food chain that sells chicken and biscuits. (For simplicity, assume an equal number of each type of customer) These customers have the following valuations (â€œreservation pricesâ€) for chicken and biscuits: Consumer Chicken Biscuits 1 \$12 \$1 2 \$10 \$3 3 \$9 \$4 Suppose the fully allocated cost of making an order of chicken is \$6 and the fully allocated cost of making an order of biscuits is \$2.50. If LFC sells chicken and biscuits as a meal deal, what price would be set for the meal deal which includes both an order of chicken and an order of biscuits? Please explain your answer Answer

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