Tobies operate a small deli downtown

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Q1. Assume the price of a ticket to a jenny kraits concert is $41 also at which price, the quantity of tickets demanded is 17,000 per concert. Using the midpoint method of calculating percentage changes, if Mr. Kraits raises the price to $48 also the quantity demand decreases to 16,000, the price elasticity of demand for his concert tickets is

Q2. Tobies operate a small deli downtown. The deli business is monopolistically competitive. Toby tells you he is producing the quantity which minimizes his average total cost. Assuming which Toby is maximizing profits, you know Toby's.

Reference no: EM1315347

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