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Rhonda Baker is the owner/operator of a workout facility.She is considering five prices for a monthly workout pass.Her estimates of price and quantity demanded are:
Rhonda Baker is the owner/operator of a workout facility.She is considering five prices for a monthly workout pass.Her estimates of price and quantity demanded are:
PriceQuantity Demanded
$68450
$58725
$48800
$381,000
$281,300
Monthly costs of providing the workout service include $8,000 of fixed costs and $23 of variable costs per customer.
Which price will result in the highest monthly profit.Show all work for all prices.
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