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vitfil [10]
3 years ago
5

A firm in the market for designer jeans has some degree of monopoly power. the demand curve it faces has a price elasticity of d

emand of negative 4−4​, while the price elasticity demand of the market is negative 3.5−3.5. ​moreover, the firm has a constant marginal cost of ​$65.0065.00. using the rule of thumb for​ pricing, calculate the​ firm's profit-maximizing price.
Business
1 answer:
Pavlova-9 [17]3 years ago
5 0

Answer:

$86.67 is the profit maximizing price for the monopolist

Explanation:

In order to find the profit maximizing price for the monopolist using its price elasticity and marginal cost we have to use the formula

Price= Marginal cost* (elasticity/elasticity+1)

Marginal cost = $65.0065

Elasticity = -4

Price = 65.0065 *(-4/-4+1) = 65.0065*(-4/-3)= 86.67

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Answer:

Global marketing strategy

Explanation:

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Competing on a global basis allows customers worldwide to be better-informed and more focused on the products and services you offer. Creating a comprehensive global marketing strategy also allows your company to adapt quickly wherever needed based on customer demands and trends in the global marketplace.

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3 years ago
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Answer:

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3 years ago
The corporate IT manager wants you to implement a process that separates corporate apps from personal apps on mobile devices. Wh
GarryVolchara [31]

Answer:

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The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. t
guapka [62]
To find the value of the inventory to the nearest cent: 
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Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%  

We are solving for the value of inventory so in this case we will make that X.
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To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
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3 years ago
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