MKT 300 Study Guide - Midterm Guide: Car Wash, Variable Cost
13 Mar 2014
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He decides to do this by increasing the price of deluxe car washes by . 00. Currently he charges . 99 for the deluxe car wash. In a typical week he sells 100 deluxe car washes. He knows from previous experience his sales will decrease to 85 deluxe car washes per week. Calculate the elasticity of demand for his deluxe car wash service. he owner of a car wash wants to increase his revenue. He decides to reduce his price by . 00. In a typical week he sells 70 deluxe car washes. The other variable costs per car wash are . 99 which includes all chemicals and labour costs. The owner of a car wash wants to increase his revenue. He decides to reduce his price by he sells 70 deluxe car washes. He knows from previous experience his sales will increase to 110 deluxe car washes per week. . 99 which includes all chemicals and labour costs.
