Business, 28.08.2019 23:00 spazzinchicago
You are the manager of a gas station in a small town, and your goal is to maximize profits. based on your experience, the elasticity of demand of texans for a car wash is -2, while that of non-texans is -1.5. your marginal cost is $6.
a. are the conditions necessary for price discrimination to be an effective means of enhancing profits being met? explain.
b. what is the profit-maximizing price to charge a texan for a car wash?
c. what is the profit-maximizing price to charge a californian for a car wash?
Answers: 1
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