At what price and quantity would gringle maximize revenue, Business Economics

+44 141 628 6080
[email protected]

At what price and quantity would gringle maximize revenue

The Gringle Company has determined that the demand curve for its product is: Q=9300-8P

1) At what price and quantity would Gringle maximize revenue? What is its maximum revenue?

2) At what price and quantity would elasticity of demand equal -2.4. What is the P/MR at this point?

3) Assume Gringle wants to mark up its product by 40% above marginal cost. What price and quantity does this correspond to? What is the elasticity of demand at this point?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: At what price and quantity would gringle maximize revenue

Reference No:- TGS01042650

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Find a domestic violence shelter-agency in joplin missouri

Find a domestic violence shelter / agency in Joplin, Missouri. Provide a page description for this shelter.

Find advertisement that you believe uses sex, race, gender

Look through several magazines, or research ads on line and select an advertisement that you believe uses sex, race, gender, family roles

Who is responsible for social protection

In considering the concepts we've discussed so far (who is responsible for social protection, where do social protections come from, what functions do serve

What marxist concept do actions of yuri and co-worker show

What Marxist concept do the actions of Yuri and his co-workers represent?

Which theory would argue that global inequality occurs

Which theory would argue that global inequality occurs because some nations are better than others at adapting to new technologies and profiting from a globaliz

Which of merton modes of adaptation are participants

Which of Merton's modes of adaptation are participants in the #ClimateStrike movement using when they argue that society must change

Explain under which conditions a sociologist should utilize

Explain under which conditions a sociologist should utilize the interview method as opposed to the survey method.

Request for Solution File

Ask an Expert for Answer!!

Business Economics: At what price and quantity would gringle maximize revenue

Reference No:- TGS01042650

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Suppose that the opportunity-cost ratio for watches and

Q : Discussion question develop an it planning process for

Q : The legal regulations of conducting business overseas the

Q : Economic growth rate - in your response post your

Q : At what price and quantity would gringle maximize revenue

Q : Many feel that grand juries should be abolished question do

Q : In 1975 president ford proposed a 28 million cut in

Q : What is its purpose in strategic planningmust you conduct a

Q : Explain in your own words why the court used terry v ohio