Business, 20.12.2019 06:31 jpwalker8535
Suppose that a car dealer has a local monopoly selling volvos. it pays w to volvo for each car that it sells, and charges each customer p. the demand curve that the dealer faces is best described by the linear function q = 30 – p, where the price is in units of thousands of dollars. suppose that the dealer has no other marginal costs of retailing, so the marginal cost of selling a car is simply the wholesale price w. a. what is the profit-maximizing price for the dealer to set? at this price, how many volvos will the dealer sell? (hint: your answers here will be a function of the wholesale price.)
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Suppose that a car dealer has a local monopoly selling volvos. it pays w to volvo for each car that...
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