Suppose the current price of a product is $3 50, and at that price, the unit sales are 100,000 The variable costs are $1 60 (with 10 promotional allowance, and the rest is variable production cost) If you raised price by 10 , what is the new promotional allowance (rounded to 2 decimals) Suppose th...

Before raising of prices The promotional allowance was 10 of the price ...

Suppose the current price of a product is $3.50, and at that price, the unit sales...

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Economics for Managers

ISBN: 978-0132773706

3rd edition

Authors: Paul G. Farnham

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Suppose the current price of a product is $3.50, and at that price, the unit sales...

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