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n this Decision Point, you explored how businesses use the basic principles of economics to determine what price to charge customers and how much to
n this Decision Point, you explored how businesses use the basic principles of economics to determine what price to charge customers and how much to produce. Use what you have learned in this decision point to answer the following questions. You are the general manager of a local automated car wash. There are several other car washes close to yours and all offer the same service. You and your competitors in the area charge $15 per car wash, which is also your marginal cost per wash. a. If you set your price to $20, your profits will decrease remain the same increase . b. If you set your price to $10, your profits will c. what price should you charge to make the most profit
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