Homework (Ch 06) 1. Individual Problems 6-1 Huiying has been selling 8,000 T-shirts per $11.00, she sold only 5,000 T-shirts. Which of the following best approximates the price elasticity of demand? -30 -2.5385 -2.3077 -2.0769 Suppose Huiying's marginal cost is $3 per shirt. Before the price change, Huiying's initial price markup over marginal cost was approximately- Huiying's desired r Since Huiying's initial markup, or actual ma the price was... than her desired margin, raising the price was....
Homework (Ch 06) 1. Individual Problems 6-1 Huiying has been selling 8,000 T-shirts per $11.00, she sold only 5,000 T-shirts. Which of the following best approximates the price elasticity of demand? -30 -2.5385 -2.3077 -2.0769 Suppose Huiying's marginal cost is $3 per shirt. Before the price change, Huiying's initial price markup over marginal cost was approximately- Huiying's desired r Since Huiying's initial markup, or actual ma the price was... than her desired margin, raising the price was....
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Homework (Ch 06) 1. Individual Problems 6-1
Huiying has been selling 8,000 T-shirts per $11.00,
she sold only 5,000 T-shirts. Which of the following
best approximates the price elasticity of demand?
-30
-2.5385
-2.3077
-2.0769
Suppose Huiying's marginal cost is $3 per shirt.
Before the price change, Huiying's initial price
markup over marginal cost was approximately-
Huiying's desired r Since Huiying's initial markup, or
actual ma the price was... than her desired margin,
raising the price was....
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