The price elasticity of toy cars that you sell is-3.00 [negative 3]: you currently charge a price of $9.00 and marginal

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The Price Elasticity Of Toy Cars That You Sell Is 3 00 Negative 3 You Currently Charge A Price Of 9 00 And Marginal 1 (43.99 KiB) Viewed 43 times

The price elasticity of toy cars that you sell is-3.00 [negative 3]: you currently charge a price of $9.00 and marginal cost of toy cars is $8.00. What decision should you take regarding the price? O a. Decrease the price. O b. Increase the price. O c. Do not change the price. QUESTION 34 The price elasticity of toy cars that you sell is -4.00 [negative 4]; you currently charge a price of $5.00 and marginal cost of toy cars is $3.00. Using the above information, you should be able to find the price that will maximize your profits. O a. $5.50 O b. $5.00 O c. $6.00 O d. $5.25 O e. $4.50 O f. $3.25 O g. $4.25 Oh. $4.00 O i. $5.75 Oj. $3.00 Ok. $4.75 OI. $3.50 O m. $3.75