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Kip's Auto Detailing has two locations in two distant neighborhoods, Uptown and Downtown. Uptown customers' demand is given by QUT = 1000 - 10P, where
Kip's Auto Detailing has two locations in two distant neighborhoods, Uptown and Downtown. Uptown customers' demand is given by QUT = 1000 - 10P, where Q is the number of cards detailed per month; Downtown customers' demand is QDT = 1600 - 20P. What is Kip's revenue if he prices uniformly in both markets? $26,667 $33,333 $56,333 $57,000
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
