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
Posted: Tue Jun 07, 2022 8:38 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. 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