What is your optimal price if you produce product, Business Economics

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What is your optimal price if you produce product

Calculating Optimal Price Given Price Elasticity of Demand.

Given the price elasticity of demand for your product is 0.85, your marginal cost is 50 when you produce 1000 units, use the Lerner Index to calculate your price mark-up. What is your optimal price if you produce 1000 units?

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Business Economics: What is your optimal price if you produce product

Reference No:- TGS025409

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

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Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is your optimal price if you produce product

Reference No:- TGS025409

Recent Questions Asked Business Economics

Q : Recommend the best course of action for federal reserve

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