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April 19, 2014

Homework Help: managerial economics

Posted by ryan on Thursday, December 11, 2008 at 7:52pm.

Discuss the role of costs and demand in cost-plus pricing. Suppose that through experimentation you know that if you change price by $6, the number units of the product you sell changes by 24. The current price for your product is $10. The number of units sold is 30. Your total variable costs are $150. What is your profit maximizing markup? Price?

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