Suppose your elasticity of demand for your parking-lot spaces is -2, and the price is $8 per day. If you MC is zero, and your capacity is 80% full at 9 A.M. over the last month, are you optimizing? With explanation plz
Suppose your elasticity of demand for your parking-lot spaces is -2, and the price is $8 per day. If you MC is zero, and your capacity is 80% full at 9 A.M. over the last month, are you optimizing? With explanation plz