Business, 31.03.2020 14:08 BrianaK2137
Demand curve for apartment is: D(p)=180-3p. Suppose that all 120 apartments are owned by a landlord. A) At what price will the landlord rent the apartment and how many apartments will he rent to maximize his revenue?
B) Suppose that the landlord has information on the reservation proce of each person interested to rent his apartments, so he rents the apartments at a different price, each person pays his reservation price. What will be the equilibrium? What is his revenue in this situation?
C)What will the equilibrium be , if it was a competitive market?
Answers: 3
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Demand curve for apartment is: D(p)=180-3p. Suppose that all 120 apartments are owned by a landlord....
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