Question
A firm sells mid-range snowboards and estimates its demand curve to be Q = 13,300 - 25(P). Variable costs are $240. At what price does
A firm sells mid-range snowboards and estimates its demand curve to be Q = 13,300 - 25(P). Variable costs are $240. At what price does the firm's total contribution margin equal zero?
The correct answer is 240 Not 266
Please show how 240 the correct answer? Thank you
Module 3 Pricing Homework
Homework assignment marked 240 as the correct answer please explain.
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Essentials of Marketing Research
Authors: Barry J. Babin, William G. Zikmund
6th edition
9781305688094, 1305263472, 1305688090, 978-1305263475
