Business, 26.11.2019 01:31 dantelin123
Isabel runs a music day camp in the summer in which she offers music lessons for children for a variety of instruments. each class that she offers lasts exactly one week and her customers are allowed to choose the total number of hours of instruction to be given in that week. all of her customers have the same demand for her curve for her lessons given by q-30-p where p is the hourly rate for lessons and q is the number of hours demanded in that week. ingrid's cost of giving one lesson is $16 (this is her marginal and average cost). she has hired you to give her advice about how to charge for her services. what pricing scheme would you recommend and why? if she uses your pricing scheme, how much profit per student will she earn from each class?
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Isabel runs a music day camp in the summer in which she offers music lessons for children for a vari...
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