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A consulting firm offers two types of services: Strategy Consulting and Operations Consulting. The firm's fixed costs are $200,000 per year. The variable costs for
A consulting firm offers two types of services: Strategy Consulting and Operations Consulting. The firm's fixed costs are $200,000 per year. The variable costs for Strategy Consulting are $150 per hour, and for Operations Consulting are $100 per hour. If the firm charges $300 per hour for Strategy Consulting and $200 per hour for Operations Consulting, which service should the firm focus on to maximize profit?
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