A clinic’s average and marginal cost per case is $200. Its fee is $300 per case. It serves 1,000 customers. Its marketing team predicts that it will expand its sales to 1,250 customers if it cuts its price to $250. What will its revenue be if it cuts prices?
A clinic’s average and marginal cost per case is $200. Its fee is $300 per case. It serves 1,000 customers. Its marketing team predicts that it will expand its sales to 1,250 customers if it cuts its price to $250. What will its revenue be if it cuts prices?
$312,500
$312,000
$315,500
$412,500