Question
The price elasticity of demand for a particular product is -1.60. The variable cost per unit is 4 and the total fixed costs are 400,000.
The price elasticity of demand for a particular product is -1.60. The variable cost per unit is 4 and the total fixed costs are 400,000.
The profit-maximising price for the product is nearest to:
| a. | 5.7 | |
| b. | 13.4 | |
| c. | 10.7 | |
| d. | 6.7 |
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The Audit Of War The Illusion And Reality Of Britain As A Great Nation
Authors: Correlli Barnett
1st Edition
0571280188, 978-0571280186
