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Business, 06.05.2020 05:06 kyleeb00

Suppose that the inverse demand for San Francisco cable car rides is p=10-(Q/1000), where p is the price per ride and Q is the number of rides per day. Suppose the objective of San Francisco's Municipal Authority (the cable car operator) is to maximize its revenuesL.

What is the revenue-maximizing price?

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Suppose that the inverse demand for San Francisco cable car rides is p=10-(Q/1000), where p is the p...

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