What price will he sell services at

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Reference no: EM13158013

Demand for services is Q= 200-10p, q is number of items dry cleaned and p is the price of each item in dollars . MR = 20-0.2Q . No fixed costs, but incurs a cost of $2 per item cleaned.

What price will he sell services at?

What's his yearly profit?

Suppose fixed costs were $50 and Mc went down to $1

What's his profit now?

Reference no: EM13158013

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