Question
N2 Suppose a firm faces demand of ()=5000.1 and costs of ()=10,000+90 . 5. (2 points) A firm's markup (or Lerner Index) is given by
N2
Suppose a firm faces demand of ()=5000.1 and costs of ()=10,000+90
. 5. (2 points) A firm's markup (or Lerner Index) is given by ()/P
Produce a graph of the markup with price on the horizontal axis and markup on the vertical axis.
6. (2 points) What is the price at which markup equals the inverse elasticity?
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Hostile Money Currencies In Conflict
Authors: Paul Wilson
1st Edition
075099178X, 9780750991780
