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Answer to Question #144586 in Microeconomics for Grace
Question #144586
You work as a tutor for Econ. You sell your services at $12/hr., and you can only tutor one person at a time. Suppose you currently have 5 clients. If it cost you on average $14/hr to tutor the first student, in order to increase profits you should.
A. Get rid of some clients
B. Find more clients
C. Continue to see the same number of clients
D. we need more information to answer
E. raise the price
A. Get rid of some clients
B. Find more clients
C. Continue to see the same number of clients
D. we need more information to answer
E. raise the price
Expert's answer
E. raise the price
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