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You have 100 identical customers, each with relevant demand function Q = 20-P (where Q is the hours per week and P is the per hour fee). How much consumer surplus (per customer) is indicated by this demand function?

If you priced weekly membership consistent with the consumer surplus generated above, fixed costs=$1,000, and variable costs = $0, how much total profit per week?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91845108

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