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Suppose there are three types of customers who frequent Louisiana Fried Chicken (LFC), a fast food chain that sells chicken and biscuits.
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 anequal number of each type of customer) These customers have the followingvaluations (“reservation prices”) for chicken and biscuits:Consumer Chicken Biscuits1 $12 $12 $10 $33 $9 $4Suppose the fully allocated cost of making an order of chicken is $6 and the fullyallocated 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 themeal deal which includes both an order of chicken and an order of biscuits?"
