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What would be the equilibrium price and equilibrium number of services in this market? What is the efficient number of services, and what is the

What would be the equilibrium price and equilibrium number of services in this market?

What is the efficient number of services, and what is the price at which the efficient number of services could be sold?

Price (dollars per service) Quantity Demanded (services per day) Total Revenue (dollars per day) Marginal Revenue (dollars per service) Total Cost (dollars per day) Marginal Cost (dollars per service) Profit (dollars per day)







130 100 13,000 - 8,500 - 4,500
120 200 24,000 110 12,000 35 12,000
110 400 44,000 100 18,000 30 26,000
100 700 70,000 86.67 46,000 93.33 24,000
95 900 85,500 77.50 65,000 95 20,500


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