Question
The demand equation for pen per day is as under (6) D 160- 15 P Calculate (a) How many pens per day can the firm
The demand equation for pen per day is as under (6)
D 160- 15 P
Calculate
(a) How many pens per day can the firm sell at a price of Rs. 10 per pen?
(b) If firm wants to sell two pens per day what price should it charge?
(C) What is highest price firm can charge?
Step by Step Solution
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Step: 1
To solve the demand equation for pens per day given by D 160 15 P D 160 15P D16015P where D D D is the quantity demanded and P P P is the price per pe...
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Step: 2
Step: 3
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
