Question: B. Quantitative Analysis Problem # 1: (10 points) Please read Instructor's Notes and Chapter 15 on Optimal Pricing. Then, complete the following problem: A store

$B. Quantitative Analysis Problem # 1: (10 points) Please read \"Instructor's$

B. Quantitative Analysis Problem # 1: (10 points) Please read \"Instructor's Notes\" and \"Chapter 15\" on Optimal Pricing. Then, complete the following problem: A store in Massena, New York, has offered rebates of $2 off the regular $100 price on their microwaves. The rm has observed a positive sales increase of 8% over the previous month's sales. 1. What is the point price elasticity of demand for jeans? 2. If marginal cost per unit is $40, was the original $100 price optimal? 1

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