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$10.00 your firm wants to persue a profit maxim

  • From Economics: General-Economics
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  • Due on May. 07, 2009
  • Asked on May. 04, 2009 at 11:33:34AM
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tsch
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Q:
your firm wants to persue a profit maximizing policy in setting its price. The forcasting department has estimated a price elasticity of demand of -1.75 for your product. What should the mark up on cost?
 

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Profit maximizing mark-up
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  • Posted on May 04, 2009 at 12:17:26PM
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rahuljain16
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A:
Preview: ... our product. What should the mark up on cost?<br><br>Profit maximizing mark ...
The full tutorial is about 44 words long .