“Suppose you elasticity of demand for your parking lot spaces is -o.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96% full over the last month, are you optimizing?”
Suppose your elasticity of demand for your parking lot spaces is 0.5, and price is $20 per day. If your MC is zero, and your capacity at 9 A.M. is 96%full over the last month, are you optimizing?…
