Question: Question 4 You are running a yoga studio in a setting where you have some degree of market power due to location. Table I gives

Question 4 You are running a yoga studio in a setting where you have some degree of market power due to location. Table I gives your cost information and the demand curve that you face for the monthly number of participants at the studio in July 2010. The xed cost reects your monthly lease on the studio. All economic costs are included in the cost gures. a. Consider the demand and cost situation in July 2010. You are in a situation where you are charging a single price to all buyers. What is the optimal price and quantity for you to choose if you want to maximize prots? Explain why you chose that quantity and price. (10 points). b. On August I\

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