Solved: What should the promotional price be when the elasticity, Business Economics

+44 141 628 6080
[email protected]

What should the promotional price be when the elasticity

An end of aisle promotion changes the price elasticity of a good from -2 to -3. Suppose the normal price is $34, which equates marginal revenue with marginal cost at the initial elasticity of -2. What should the promotional price be when the elasticity changes to -3? Hint in other words what price will equate marginal revenue and marginal cost? 30.60 35.70 25.50 33.15

Solution Preview :

Prepared by a verified Expert

Business Economics: What should the promotional price be when the elasticity

Reference No:- TGS02807552

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Review the documentary series - the baby human

Watch the following clip from the documentary series "The Baby Human: To FeelLinks to an external site."

Describe the origins or history of the mental disorders

1. Describe the origins or history of the mental disorders. 2. Describe the psychological theory or theories that relate to the mental disorders especially in

Practicing independent behavior analyst

As a practicing independent Behavior Analyst, you have received an email from a staff member representing a provider of education

How children can be empowered by adults

Children can be empowered by adults who consistently let things go, even when they behave badly. Power can be a problem for children

Discuss behaviors while withholding reinforcement

Make a comment about your classmate's post: I chose DRA because it focuses on reinforcing alternative, appropriate behaviors while withholding reinforcement

How the allies model recognizes according to entwistle

According to Entwistle, the allies model recognizes that Group of answer choices Psychology is not found anywhere in Scripture Psychology has no truth

Discussion about research on memory and aging

Question: Which of the following has been found in much of the research on memory and aging? Question options:

Solution Preview :

Prepared by a verified Expert

Business Economics: What should the promotional price be when the elasticity

Reference No:- TGS02807552

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : A what are the optimal prices that you would charge for

Q : Their marginal cost which is mostly labor maintenance and

Q : How relevant has studying biological psychology been to

Q : What interest rate should be used to calculate the present

Q : What should the promotional price be when the elasticity

Q : What are the five most important concepts that you have

Q : Choose one sexual dysfunction disorder and one paraphilic

Q : Suppose there is a world in which there is no currency and

Q : What influence do consumers have on market structures what