What should the price for the entire package
Problem
A local store estimates its typical customer's inverse demand is P = 9.4 - 2Q, and it knows the marginal cost of each rental is $0.55. if they use block pricing, what should the price for the entire package?
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A local store estimates its typical customer's inverse demand is P = 9.4 - 2Q, and it knows the marginal cost. what should the price for the entire package?
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