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You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -2, while group 2’s is -5. Your marginal cost of producing the product is $10. a. Determine your optimal markups and prices under third-degree price discrimination. Instruction: Round your answers to two decimal places. Markup for group 1: Price for group 1: $ 20 Markup for group 2: 1.25 Price for group 2: $12.50 INEED THE MARK UP FOR GROUP 1 AND IT IS NOT .66 OR .67
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How much is the uniform annual revenue in years 2 through 5 to achieve economic equivalence if the company decides to use MARR.
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Which of the following is likely to lead to a right shift in the supply curve of? cotton?
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The price of a first class stamp is .42 cents in 2009. The price of the same first class stamp in 1975 was .13 cents. The price index in 1975 was 75 and price index in 2009 will be 218. After adjusting for inflation, how much more expensive is the st..
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