How many lockers would rent monthly at price, Microeconomics

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How many lockers would rent monthly at price

You are the manager of a racquet club and you want to determine the best price for local rentals. Assume that the marginal cost of providing lockers is zero and the monthly demand for lockers is estimated to be best described as fitting the equation O = 100 - 2P where P is the monthly rental price and Q is the number of lockers rented per month.

a.What price would you charge?
b.How many lockers would you rent monthly at this price?
c.Explain why you chose this price?

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Microeconomics: How many lockers would rent monthly at price

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Microeconomics: How many lockers would rent monthly at price

Reference No:- TGS046887

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Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: How many lockers would rent monthly at price

Reference No:- TGS046887

Recent Questions Asked Microeconomics

Q : What entry will ron''s pharmacy make

Q : Explain the cash conversion cycle

Q : Four key facts in firm credit policy

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Q : How many lockers would rent monthly at price

Q : What is manley''s deduction for bad debt expense

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Q : Exposed to exchange rate risk

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