Question
A golf course owner hires you to give him pricing advice. The golf course is located in a housing resort. Owners of homes at the
A golf course owner hires you to give him pricing advice. The golf course is located in a housing resort. Owners of homes at the resort are mostly golfers. Their monthly golf services inverse demand function is: P = 100 - 0.5Q. In addition visitors to the golf course has a weekly inverse demand function of: P = 40 - 0.1Q. What pricing strategy would maximize profit?
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
