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As manager of Citywide Racquet Club,

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Question

As manager of Citywide Racquet Club, you must determine the best price to charge for locker rentals. Assume that the (marginal) cost of providing lockers is zero. The monthly demand for lockers is estimated to be;Q = 100 ? 2P;where P is the monthly rental price and Q is the number of lockers rented per month. How many lockers are rented monthly and what price would you charge?;Now assume the marginal cost of providing lockers is $20. How many lockers are rented monthly and what price would you charge?

 

Paper#28629 | Written in 18-Jul-2015

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