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A consulting firm offers two types of services: Marketing Consulting and Legal Consulting. The firm's fixed costs are $500,000 per year. The variable costs for
A consulting firm offers two types of services: Marketing Consulting and Legal Consulting. The firm's fixed costs are $500,000 per year. The variable costs for Marketing Consulting are $300 per hour, and for Legal Consulting are $250 per hour. If the firm charges $600 per hour for Marketing Consulting and $500 per hour for Legal Consulting, which service should the firm focus on to maximize profit?
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