Discuss how much total profit per week


Suppose you have 100 identical customers, each with relevant demand function Q = 20- P (where P is the per-hour fee and Q is the hours per week). Assuming you priced membership consistent with consumer surplus, if fixed costs = $1,000 and variable costs = $0, discuss how much total profit per week?

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Discuss how much total profit per week
Reference No:- TGS0871002

Expected delivery within 24 Hours