Calculate mc and use same equation to find out new price, Microeconomics

+44 141 628 6080
[email protected]

Calculate mc and use same equation to find out new price

Suppose that new entry decreased your demand elasticity from - 2 to -3 (made demand more elastic). By how much should you adjust your price of $10? Use (P-MC)/P = 1/ l e l to calculate MC and then use the same equation to find out the new price. l e l is the absolute value of demand elasticity.

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate mc and use same equation to find out new price

Reference No:- TGS045602

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What is the company''s debt ratio

A company has total assets of $5,600,482, common stock of $2,111,111, retained earnings of $1,058,473. What is the company's debt ratio?

Q : Calculate the cross -price elastcity of demand

Calculate the cross -price elastcity of demand Given the elasticity you calculated, did it make sense for supermarket to raise it's price?

Q : State what is the ph at the halfway point of the titration

What is the pH at the halfway point of the titration? d) Calculate the pH of the solution after adding 5.00,10.0, and 20.0, and 30.0mL of the acid.

Q : What balances of joe''s and ed''s capital accounts would be

Ann, Joe, and Ed have partnership capital account balances of $150,000, $300,000 and $70,000 respectively. The income sharing ratio is Ann 50%, Joe 40%, and Ed 10%. Ann wants to withdraw from the partnership and it is agreed that partnership asset

Q : Calculate mc and use same equation to find out new price

Use (P-MC)/P = 1/ l e l to calculate MC and then use the same equation to find out the new price. l e l is the absolute value of demand elasticity.

Q : What is the wacc for firm

What is the WACC for a firm with 40% dept, 20% preferred stock, and 40% equity if the respective costs for these components are 6% after tax, 12% after tax, and 18% before tax? the firms tax rate is 35%.

Q : Determining enterprise value of carswell

What is your estimate of the enterprise value of Carswell? What is the value of the equity of Carswell if the acquisition goes through and Smidgeon borrows $2,4 million and finances the remainder using equity?

Q : Average return and dispersion of returns

Discuss the historical distributions of each of the following in terms of their average return and the dispersion of their returns: U.S. small company stocks, U.S. large company stocks, and U.S. long-term government bonds.

Q : What would happen to interest rates if no action is taken

If the Fed took no action, what would happen to interest rates? If the Fed wants to keep the interest rate stable, explain and show graphically how the Fed can ensure that this.

1928815

Questions
Asked

3,689

Active Tutors

1442016

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate mc and use same equation to find out new price

Reference No:- TGS045602

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the company''s debt ratio

Q : Calculate the cross -price elastcity of demand

Q : State what is the ph at the halfway point of the titration

Q : What balances of joe''s and ed''s capital accounts would be

Q : Calculate mc and use same equation to find out new price

Q : What is the wacc for firm

Q : Determining enterprise value of carswell

Q : Average return and dispersion of returns

Q : What would happen to interest rates if no action is taken

What is the difference between direct and indirect democracy

Discuss legal provision for paid menstrual leave in japan

Provide thorough and efficient system of public education

What reforms was not performed by director james lee witt

Need for a change in the legal environment

What when talking about al qaeda and hezbollah

Types of government from highest to lowest levels of citizen

Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Calculate mc and use same equation to find out new price

Reference No:- TGS045602

Recent Questions Asked Microeconomics

Q : What is the company''s debt ratio

Q : Calculate the cross -price elastcity of demand

Q : State what is the ph at the halfway point of the titration

Q : What balances of joe''s and ed''s capital accounts would be

Q : Calculate mc and use same equation to find out new price

Q : What is the wacc for firm

Q : Determining enterprise value of carswell

Q : Average return and dispersion of returns

Q : What would happen to interest rates if no action is taken

Asked Questions