What is desired markup and initial actual markup, Microeconomics

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What is desired markup and initial actual markup

George has been selling 5,000T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000T-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: What is desired markup and initial actual markup

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Microeconomics: What is desired markup and initial actual markup

Reference No:- TGS040127

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Explain tools used to pursue expansionary fiscal policy

Q : How short-run phillips curve related natural rate hypothesis

Q : Cash receipts and cash disbursements problem

Q : What is dehna, inc.''s tax liability for 2013

Q : What is desired markup and initial actual markup

Q : Does the movie have positive npv

Q : What would be the net operating income

Q : Compute price-output and profits result in the short run

Q : Money market account semi-annually

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is desired markup and initial actual markup

Reference No:- TGS040127

Recent Questions Asked Microeconomics

Q : Explain tools used to pursue expansionary fiscal policy

Q : How short-run phillips curve related natural rate hypothesis

Q : Cash receipts and cash disbursements problem

Q : What is dehna, inc.''s tax liability for 2013

Q : What is desired markup and initial actual markup

Q : Does the movie have positive npv

Q : What would be the net operating income

Q : Compute price-output and profits result in the short run

Q : Money market account semi-annually

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