Gorge has been selling 5000 t-shirts per month for 850 , Microeconomics

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Gorge has been selling 5000 t-shirts per month for 850

George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?

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Microeconomics: Gorge has been selling 5000 t-shirts per month for 850

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Microeconomics: Gorge has been selling 5000 t-shirts per month for 850

Reference No:- TGS0617813

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Gorge has been selling 5000 t-shirts per month for 850

Reference No:- TGS0617813

Recent Questions Asked Microeconomics

Q : Use work and energy to calculate the stopping force on an

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