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pure pool services provides weekly pool maintenance in BeverlyHills. Dozens of firms provide this service. the service is typically sold as a...
pure pool services provides weekly pool maintenance in BeverlyHills. Dozens of firms provide this service. the service is typically sold as a four-month contract. the market price of a fouth-month contract is $115. Pure has fixed cost of $3500 for the summer. the manger of pure has estimated the following marginal cost function, using data from the last ywo years. MC=125-0.42Q+0.0021Q^2, where MC is measured in dollars and Q is the number of pool sserviced each summer. Each of the estimated coefficientis statistically significant at the 95 per cent confidence interval. What is the optimal output level?
