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Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
النسخة 8الرقم المعياري الدولي: 978-1259129858Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
النسخة 8الرقم المعياري الدولي: 978-1259129858 تمرين 2
The manager of a local monopoly estimates that the elasticity of demand for its product is constant and equal to -3. The firm's marginal cost is constant at $20 per unit.
a. Express the firm's marginal revenue as a function of its price.
b. Determine the profit-maximizing price.
a. Express the firm's marginal revenue as a function of its price.
b. Determine the profit-maximizing price.
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The own-price elasticity of demand for t...
Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
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