Table 16-2 Quantity Demanded in Price per Middle Fall Tube Quantity Demanded in West Fall (tubes per week) $8 1 $5.00 7 2 4.50 6 3 4.00 5 4 3.50 4 5 3.00 Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated markets wit demand schedules as shown in Table 16-2. The average cost of production is constant at $2 per tube. (tubes per week) 1 2 3 4 5 Refer to Table 16-2. What is the total revenue received from both markets combined? ● A) $30 B) $34 C) $68 Price per Tube D) $70

Table 16-2 Quantity Demanded in Price per Middle Fall Tube Quantity Demanded in West Fall (tubes per week) $8 1 $5.00 7 2 4.50 6 3 4.00 5 4 3.50 4 5 3.00 Neem Products sells its Ayurvedic Neem toothpaste in two completely isolated markets wit demand schedules as shown in Table 16-2. The average cost of production is constant at $2 per tube. (tubes per week) 1 2 3 4 5 Refer to Table 16-2. What is the total revenue received from both markets combined? ● A) $30 B) $34 C) $68 Price per Tube D) $70

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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