If the marginal cost to make a good is $78 and the price elasticity of demand is -6, what price should be charged via the optimal markup rule? Enter as a value (round to two decimal places if necessary).

If the marginal cost to make a good is $78 and the price elasticity of demand is -6, what price should be charged via the optimal markup rule? Enter as a value (round to two decimal places if necessary).

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter3: Demand Analysis

Section: Chapter Questions

Problem 5E

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dont use chat answer and correct answwer i will 10 upvotes If the marginal cost to make a good is $78 and the price elasticity of demand is -6, what price should be charged via the optimal markup rule? Enter as a value (round to two decimal places if necessary).

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