\fC. Assume that variable and marginal costs are 20% higher in New York than in San Antonio, and that the own price elasticity of demand is -3 in New York and -4 in San Antonio. If the two locations are pricing optimally, by what percentage would we expect prices in New York to exceed those in San Antonio? In your analyst report, what recommendation on pricing would you offer to management in order to enhance shareholder returns? (Hint: if X is 10% greater than Y, then X/Y = 1.1. Set the problem up as a ratio, just like this, and then use the markup equation for each city.)Find the fundamental solutions to the following equation (i.e., the solutions that are between ()" and 360" ). Give your answers in degrees. 26 sec*(0) - 14 tan (0)sec(0) - 24 = 0 Please list your fundamental solutions in ascending order (smallest first ). Fundamental solution #1: Fundamental solution #2: Fundamental solution #3: Fundamental solution #4: Question Help: B Read Submit QuestionWhat market structures share the characteristic of many buyers and sellers? O perfect competition and monopolistic competition O Perfect competition is the only market structure with many buyers and sellers. O perfect competition and oligopoly O perfect competition and monopolyO only aggregate demand. Question 48 1 pts The economy is in long-run equilibrium when () short-run aggregate supply intersects long-run aggregate supply. O aggregate demand intersects short-run aggregate supply. O aggregate demand intersects both long-run and short-run aggregate supply. the inflation rate is equal to zero. O aggregate demand intersects long-run aggregate supply. 1 pts Question 49