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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: According to your textbook, which procedure is the general rule to follow in order to maximize net r
Post by: Sublight2097 on Jun 20, 2015
According to your textbook, which procedure is the general rule to follow in order to maximize net revenue?
A) Always choose a 25 percent markup if demand is inelastic.
B) Always choose a 25 percent markup if demand is elastic.
C) Always choose a markup between 50 and 100 percent (inclusively) if demand in inelastic.
D) Always choose no more than a 10 percent markup if demand is perfectly elastic.
E) None of the above.


Title: Re: According to your textbook, which procedure is the general rule to follow in order to maximize n
Post by: Smoooth on Aug 10, 2015
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Title: Re: According to your textbook, which procedure is the general rule to follow in order to maximize net r
Post by: Sublight2097 on Aug 31, 2015
My mind was going in all different directions trying to figure this one out. Thanks so much.


Title: Re: According to your textbook, which procedure is the general rule to follow in order to maximize net r
Post by: Smoooth on Aug 31, 2015
You're welcome :-]