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Demand for services is Q= 200-10p, q is number of items dry

Paper help Economics Demand for services is Q= 200-10p, q is number of items dry

Economics

Demand for services is Q= 200-10p, q is number of items dry

Demand for services is Q= 200-10p, q is number of items dry cleaned and p is the price of each item… Show more Demand for services is Q= 200-10p, q is number of items dry cleaned and p is the price of each item in dollars . MR = 20-0.2Q . No fixed costs, but incurs a cost of $2 per item cleaned. What price will he sell services at? What’s his yearly profit? Suppose fixed costs were $50 and Mc went down to $1 What’s his profit now ? • Show less

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