The monthly demand for lockers is estimatedwhat price would, Ask an Expert

Economics

As a manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the marginal cost of providing lockers is 0. The monthly demand for lockers is estimated to be: Q=100-2P where P is the monthly price and Q is the number of lockers rented per month.

a. What price would you charge?
b. How many lockers are rented monthly at this price? describe why you chose this price?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M971859

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