Explain the intuition behind the rule of thumb for pricing
Use the rule of thumb for pricing and Compute optimal price)
Explain the intuition behind the rule of thumb for pricing. If the elasticity of demand is -5 and the marginal cost is $20 per unit, illustrate what should the price be?
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Suppose two identical companies capable to produce widgets and they are the only companies in the market.
Some skin divers go as deep as 50 m. What is the gage pressure at this depth in fresh water, and what is the ratio of absolute pressure at this depth to normal atmospheric pressure? Suppose T = 20°C.
Illustrate what would output be if DD acted like a perfect competitor and set P=MC. Illustrate what is the deadweight loss of the monopoly.
Explain the intuition behind the rule of thumb for pricing. If the elasticity of demand is -5 and the marginal cost is $20 per unit, illustrate what should the price be.
You will first require to find out the sample mean and sample standard deviation based on confidence interval given. Employ the value you found in part a to determine the degree of confidence for interval 65.65 < μ < 66.75 is based on.
If a 200 N force F1 is applied to the piston with the 4 cm diameter, what is the magnitude of the force F2 that can be resisted by the piston with the 10 cm diameter? Ignore the weights of the pistons.
Illustrate what will the equilibrium quantity be. Illustrate what will the new equilibrium price be. Illustrate what determines the burden of taxation.
The sample has a mean weight of 15.3 pounds and standard deviation of 1.9 pounds. Make a 95% confidence interval estimate for true mean weight of all packages received by parcel service.
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