PRICE MART offered a whopping 10% discount on the average price of TV Plasma for fathers day.
Question:
a. Calculate the point price elasticity of demand for TV Plasma during the month of the discount.
b. Calculate the profit maximizing price per unit if Price Mart has an average wholesale cost of $350 and incurs marginal selling cost of $100 per unit.
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a The point price elasticity of demand for TV Plasma Change in quantity demanded Chan...View the full answer
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ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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