Mr patel runs a motel in tampa fl the market is highly


Mr Patel runs a motel in Tampa, FL. The market is highly competitive since there are many hotels in the surrounding areas and the average room rent per night is $35. There are 30 rooms are Mr Patels motel and each room can be rented for 30 nights a month. That is each month Mr Patel can rent 900 nights total. Mr Patels monthly cost curve is:

TC = $10,000 + $10 x Q

What is Mr Patels Marginal cost? What is Mr Patels profit maximizing quantity? What is his maximum profit?

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Mr patel runs a motel in tampa fl the market is highly
Reference No:- TGS01146685

Expected delivery within 24 Hours