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A company in Wayout, Minnesota has hired you to calculate a demand curve for its acrylic mittens. You estimate: Q = 15,000 - 200P .25Pop
A company in Wayout, Minnesota has hired you to calculate a demand curve for its acrylic mittens. You estimate: Q = 15,000 - 200P .25Pop - .3I .05A where: P = price Pop = population I = income A = advertising budget When P is 125, Pop is 1,300,000, I is 28,000 and A is 25,000, what point are we at on the demand curve
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
