just question 12 ,13,14,15 thank you please help Q8. You have two tickets to a Bruins game on a unso

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Q8. You have two tickets to a Bruins game on a unsold tickets is zero to you). There are only three people who will possibly just question 12 ,13,14,15 thank you please help Q8. You have two tickets to a Bruins game on a unsold tickets is zero to you). There are only three people who will possibly buy a Bruins ticket. Their reservation prices night that you are going to be out of town (so the value of given below: Customer are Reservation Price $20 $100 $120 1 2 3 You can sell the tickets by placing can you generate if you charge a single price of $20 for the two tickets? Q9. How much revenue Q10. How much revenue can you generate if you charge a single price of $120 for the two tickets? Q11. Which of the prices fetches you the highest revenue? Q12. Next, you think about inviting bids using an English auction to sell your tickets. How much revenue can you generate using the English auction mechanism from the sale of the first ticket? Q13. How much revenue can you generate using the English auction mechanism from the sale of the second ticket? Q14. How much total revenue can you generate using the English auction mechanism? Q15. Which pricing strategy gives you higher revenue – English Auction or charging a single price? an ad where you mention the price for each ticket. How much revenue can you generate if you charge a single price of $100 for the two tickets?

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