Oftentimes, doctors, salons and other service providers will charge a cancellation fee if a customer does not show up to their agreed upon appointment time. This is because the provider cannot simply keep that appointment time in inventory for another potential buyer, but rather loses the opportunity to sell that space to someone else once the time has passed. This best demonstrates the ,

Assume that a local bank sells two services, checking accounts and atm card services. the bank’s only two customers are mr. donethat and ms. beenthere. mr. donethat is willing to pay $8 a month for the bank to service his checking account and $2 a month for unlimited use of his atm card. ms. beenthere is willing to pay only $5 for a checking account, but is willing to pay $9 for unlimited use of her atm card. assume that the bank can provide each of these services at zero marginal cost.refer to scenario 17-5. if the bank is unable to use tying, what is the profit-maximizing price to charge for a checking account