Explain initial actual markup, Macroeconomics

Assignment Help:

George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?


Related Discussions:- Explain initial actual markup

Economy is characterized, Suppose that the economy is characterized by the ...

Suppose that the economy is characterized by the following behavioral equations: C= 170 + 0.7YD I= 170 G= 150 T= 100 a. What does equilibrium output equal? Y=? b. What d

Summary of the cross model, Summary of the cross model The below list...

Summary of the cross model The below list summarizes the cross model and associates it to classical model:  Labor Market: Real wages W/P is exogenous in cross model

Calculate the npv for discount rates, Shambles, a large toy retailer, are l...

Shambles, a large toy retailer, are looking at bringing out a new range of soft toys. The range under consideration is "Mythical Beasts."  The "Mythical Beasts" range will cost £50

Economics, list of macro-economics problems of indian economy

list of macro-economics problems of indian economy

Relation among opportunity cost and production possibilities, How does Oppo...

How does Opportunity cost and production possibilities relate?

Balance of payments, Balance of Payments   All countries have economic t...

Balance of Payments   All countries have economic transactions with other countries. These consist of import and export of goods and services, official and private gifts and don

IS/LM MODEL, Explain the chain reactions (primary and secondary effects) an...

Explain the chain reactions (primary and secondary effects) and show graphs of the following variables: (i) taxes increases, (ii) government spending increases and (iii)repo ra

Chained dollar method and real gdp, how do I calculate the chained dollar m...

how do I calculate the chained dollar method for real gdp

Seafood restaurant in a beach resort town, A seafood restaurant in a beach ...

A seafood restaurant in a beach resort town has a fixed (unavoidable) cost of $1,000 per month and variable (avoidable) costs of another $1,000 per month. Its total revenues over t

Answer for questions, How can we answer in Economic terms this questions: W...

How can we answer in Economic terms this questions: Why should the government consider to increase tax on cigarette

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd