1.10 Betty Lou has a car washing and detailing business. She charges $20 to wash a car,...
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1.10 Betty Lou has a car washing and detailing business. She charges $20 to wash a car, a process that takes her 20 minutes and requires no help or materials. For car detailing, a process requiring 1 hour, she charges $50 net of materials. Again, no help is required. Is anything puzzling about Betty Lou’s pricing pattern? Explain your answer.
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Related Book For
Principles Of Microeconomics
ISBN: 9789813107342
12th Global Edition
Authors: Karl E. Case, Sharon E. Oster, Ray C. Fair
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