2) Assume that we have a diagram with the following info.: P-$15, Qdi 1,000; P-$10 and...
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2) Assume that we have a diagram with the following info.: P₁-$15, Qdi 1,000; P₂-$10 and Qda-1,800 Figure out if we are better off with price P1 or P2. Hint calculate the values for: TR₁ TR₂ Moreover, calculate the values for the: L-Lost revenue C-Common revenue G-Gained revenue You will construct a thoroughly accurate diagram that will reflect the above data and your answers. 2) Assume that we have a diagram with the following info.: P₁-$15, Qdi 1,000; P₂-$10 and Qda-1,800 Figure out if we are better off with price P1 or P2. Hint calculate the values for: TR₁ TR₂ Moreover, calculate the values for the: L-Lost revenue C-Common revenue G-Gained revenue You will construct a thoroughly accurate diagram that will reflect the above data and your answers.
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Cost consistent with unit isnt given so we will leave it as a variable Well take delivery of that th... View the full answer
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