Problem 121 Parking lot optimizing Suppose your elasticity...

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Christine Ragona Managerial Econ Week 5 HW Problem 12.1 Parking lot optimizing Suppose your elasticity of demand for your parking lot space is -2, and price is $8 per day. If your MC is zero, and your capacity is 80% full at 9 A.M over the last month, are you optimizing?

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