Question: Below is the question Path: p Words:0 / QUESTION 2 Suppose you have two types of customers. Type 1 customers typically purchases your firm's product

Below is the question

Path: p Words:0 / QUESTION 2 Suppose you have two types of customers. Type 1 customers typically purchases your firm's product in bundles of 100 units, while type 2 customers typically purchase less than 50 units. The cost of producing one unit is $1 plus packaging costs. Packaging costs $1 per unit for small orders, but only $10 for a bundle of 100 units. Finally, suppose type 1 buyers have a price elasticity of demand equal to -2, while type 2 buyers have an elasticity equal to -1.25. What price will you charge each type of buyer? T TT Arial v 3 (12 pt) T - - = - P- & & DiRY Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ansv EC500 Study Guide.pdf Type here to search O Hi e 9 DELL
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