A retired auto mechanic hopes to open a rustproofing shop. Customers would be local new- car dealers.
Question:
a. Which location will yield the greatest profit if monthly demand is (1) 200 cars? (2) 300 cars?
b. At what volume of output will the two sites yield the same monthly profit?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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