Suppose that Karina is running a tattoo parlor with two types of customers. The first type is willing to pay $80 for a tattoo, while the second type is willing to pay just $40 for a tattoo. The ink for a tattoo costs $10. Customers will only buy one tattoo each. If Karina can only set a single price, what price will she set? a. 80 b. 40 c. 70 d. 30

Suppose that Karina is running a tattoo parlor with two types of customers. The first type is willing to pay $80 for a tattoo, while the second type is willing to pay just $40 for a tattoo. The ink for a tattoo costs $10. Customers will only buy one tattoo each. If Karina can only set a single price, what price will she set? a. 80 b. 40 c. 70 d. 30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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