The price-elasticity of demand for the goods produced by Wadgets Ltd is a/p = -1.2, when the price they set is p = 24. W

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The price-elasticity of demand for the goods produced by Wadgets Ltd is a/p = -1.2, when the price they set is p = 24. W

Post by answerhappygod »

The Price Elasticity Of Demand For The Goods Produced By Wadgets Ltd Is A P 1 2 When The Price They Set Is P 24 W 1
The Price Elasticity Of Demand For The Goods Produced By Wadgets Ltd Is A P 1 2 When The Price They Set Is P 24 W 1 (22.4 KiB) Viewed 50 times
The price-elasticity of demand for the goods produced by Wadgets Ltd is a/p = -1.2, when the price they set is p = 24. Wadgets Ltd marginal revenue at this price is ... dr 0 dqqq(24) dr = 4 dqqq(24) dr =-6 dq q=g(24) dr = 9 dqqq(24) O O
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”