A firm has set a price of $100 with a per unit cost of $80. If this
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Question:
A firm has set a price of $100 with a per unit cost of $80. If this is a profit-maximizing price, what is the firm’s price elasticity of demand?
A.-5.0.
B.-4.0.
C.-2.5.
D.-2.00.
E.-1.5.
Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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