Assume that we have a diagram with the following info.: P1=$15, Qd1=1,000; P2=$10 and Qd2=1,800 Figure out if we are better off with price P1 or P2. a-Construct a diagram b-Calculate the values for: TR1
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Assume that we have a diagram with the following info.:
P1=$15, Qd1=1,000; P2=$10 and Qd2=1,800
Figure out if we are better off with
a-Construct a diagram
b-Calculate the values for:
TR1
TR2
Moreover, calculate the values for the:
L=Lost revenue
C=Common revenue
G=Gained revenue
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