E marginal cost of making a copy is .50 50 cents. the, Ask an Expert

Economics

As manager of the copy store closest to campus, you have noticed that on Thursday through Sunday the demand for copies is much higher than it is on Monday through Wednesday. You conducted a study that revealed two different market demand curves. On weekends, your inverse demand curve is p=10-.001Q; on weekdays, it is p=5-.01Q . The marginal cost of making a copy is $.50 (50 cents). The average customer makes 4 copies at a time. What pricing strategy will maximize your profits?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9277857

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