Compute the profit-maximizing price and quantity

Reference no: EM131145778

Restaurant Pricing. Consider a restaurant that charges $10 for all you can eat and has 30 customers at this price. The slope of the demand curve is $0.10 per meal, and the marginal cost of providing a meal is $3. Compute the profit-maximizing price and quantity, and illustrate with a complete graph.

Reference no: EM131145778

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