Question
The price elasticity of demand for a particular product is -1.85. The variable cost per unit is 5 and the total fixed costs are 500,000.
The price elasticity of demand for a particular product is -1.85. The variable cost per unit is 5 and the total fixed costs are 500,000.
The profit-maximising price for the product is nearest to:
| a. | 8.18 | |
| b. | 10.18 | |
| c. | 10.9 | |
| d. | 5.9 |
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Advanced Audit And Assurance The Auditors Bible
Authors: Nhyira Premium IBL
1st Edition
B0BCXSXSJ7, 979-8829719432
