Suggest the price change to maximize profits, Microeconomics

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Suggest the price change to maximize profits

Calculate the following elasticity coefficient. Interpret the coefficient fully. Next, graph this price and quantity combination using your own demand curve and using the appropriate technique find the elasticity segments and the marginal revenue.

P Q_D

$90 9000

$110 7000

b) Assume constant total costs. Recommend a price change to maximize profits. Explain using the elasticity concept.

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Microeconomics: Suggest the price change to maximize profits

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Microeconomics: Suggest the price change to maximize profits

Reference No:- TGS0516679

Recent Questions Asked Microeconomics

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