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1. Consider a coffee shop that has two types of customers: lawyers and doctors. The demand for espresso by lawyers is gi
Posted: Wed Mar 09, 2022 8:30 am
by answerhappygod
- 1 Consider A Coffee Shop That Has Two Types Of Customers Lawyers And Doctors The Demand For Espresso By Lawyers Is Gi 1 (57.39 KiB) Viewed 46 times
1. Consider a coffee shop that has two types of customers: lawyers and doctors. The demand for espresso by lawyers is given by Q = 18 - 3P, where P is measured in dollars and Q is measured in ounces. The demand for espresso by doctors is given by Q = 10 - 2P. There are equal numbers of lawyers and doctors. The marginal cost of an ounce of espresso is $2. (d) Describe qualitatively how the coffee shop owner should change the drink sizes and then the prices) to increase profits even further, while still ensuring that lawyers will buy the lawyer option and doctors will buy the doctors option.