QUESTION 7
Suppose that the price for firm A's main product is $97. The marginal cost of producing the product is $72.
Calculate the markup on price (or Lerner' Index) for this product.
Note: Enter number as a decimal between -1 and 1 to at least four significant figures QUESTION 8
Calculate the point price elasticity of demand for the demand function shown below when the price is $14:
O(P) =1245 -27P QUESTION 9
Calculate the present value of a payment of $401 in 5 years if the interest rate is 14%
Question 7 Suppose That The Price For Firm A S Main Product Is 97 The Marginal Cost Of Producing The Product Is 72 C 1 (35 KiB) Viewed 11 times
QUESTION 7 Suppose that the price for firm A's main product is $97. The marginal cost of producing the product is $72. Calculate the markup on price (or Lemer's Index) for this product. Note: Enter number as a decimal between-1 and 1 to at least four significant figures QUESTION 8 Calculate the point price elasticity of demand for the demand function shown below when the price is $14: Q(P)=1245-27P QUESTION 9 Calculate the present value of a payment of $401 in 5 years if the interest rate is 14%
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