What atm fee should the bank charge

Reference no: EM13201585

A bank in a medium sized midwestern city, Firm X, currently charges $1 per transaction at its ATM's. To determine whether to raise price, the bank managers experimented with a number of higher prices(in 25-cen increments) at selected ATM's. The marginal cost of an ATM transaction is $0.50.
What ATM fee should the bank charge?

Reference no: EM13201585

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