Explain how demand for time travel

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Reference no: EM1313885

Q1. Time Riders, Inc., has developed also solely controls the technology which allows consumers to travel back in time. The graph Explain how demand for time travel, as well as marginal income, long-run marginal cost also long-run average cost.

Illustrate what price should Time Riders set to maximize profit?

Q2. A bakery would be willing to delivery 500 donuts per day at a price of $0.50 each. At a price of $0.80, the bakery would be willing to delivery 1,100 donuts. Using the midpoint method, the price elasticity of delivery for donuts is about.

Reference no: EM1313885

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