rbowlin241 rbowlin241

30-05-2023
Business

contestada

Woofer Tweeter, Inc. recently offered instant rebates of R25 off the regular R1000 price on Soundman CD players. Sales responded, rising 6.25% over the previous month's level
A. Calculate the point price elasticity of demand for Soundman CD players.
B. If marginal cost per unit is R600, was the original R1,000 price optimal?

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