Suppose Charles is selling his online CPA prep course package at a constant marginal revenue (price P)

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Suppose Charles is selling his online CPA prep course package at a constant marginal revenue (price P) and a constant marginal cost of $20 per unit. Because accounting is a recession-proof field, the price elasticity of demand is estimated at |e|=1.5 (mildly price elastic). What is his optimal price P* using the ideal/observed markup relationship?

Posted Date: Jun 14, 2024 01:23 AM

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Suppose Charles is selling his online CPA prep course package at a constant marginal revenue (price P)

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