Question: can you please answer both Question 8 (10 points) 4) Listen At $174, a firm can sell 18,525 stereo earphones (3.5 mm for android). These

can you please answer both

Question 8 (10 points) 4) Listen At $174, a firm can sell 18,525 stereo earphones (3.5 mm for android). These are premium earphones, guaranteed for 5 years. At this price, elasticity is estimated at 0.4. What is the change in total revenue (+ or -) if the firm drops price by 9%? Your Answer: Answer Question 9 (10 points) Listen A firm sells mid-range snowboards and estimates its demand curve to be Q = 13,700 28(P). Variable costs are $264. At what price does the firm's total contribution margin equal zero? Act Go to Your

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