Alocal video store estimates its average customer's demand per year is q = 7 − 2p, and it knows the marginal cost of each rental is $0.5. what is the annual profit that the video store expects to make on an average customer if it engages in optimal two-part pricing?
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Alocal video store estimates its average customer's demand per year is q = 7 − 2p, and it knows the...
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