By what factor does firm mark up price over marginal cost, Microeconomics

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By what factor does firm mark up price over marginal cost

A firm has $2,000,000 in sales, a Lerner index of 0.56, and a marginal cost of $35, and competes against 900 other firms in its relevant market.

Instruction: Round your answers to 2 decimal places.

a. What price does this firm charge its customers?

b. By what factor does this firm mark up its price over marginal cost?

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Microeconomics: By what factor does firm mark up price over marginal cost

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Microeconomics: By what factor does firm mark up price over marginal cost

Reference No:- TGS0517104

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: By what factor does firm mark up price over marginal cost

Reference No:- TGS0517104

Recent Questions Asked Microeconomics

Q : Determine a new integrated marketing communication plan

Q : Determine which firm will serve the market

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