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nakungth nakungth
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7 years ago
DVDs can be produced at a constant marginal cost of $5 per disk, and Roaring Lion Studios is releasing the DVDs for its last two major films.  The DVD for Rambeau 17 is priced at $20 per disk, and the DVD for Schreck 10 is priced at $30 per disk.  What are the price elasticities of demand for these two movies?
A) Both equal -1.2.
B) -0.75 and -5/6, respectively
C) -1.33 and -1.2, respectively
D) -1.33 and -2, respectively
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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7 years ago
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nakungth Author
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6 years ago
Thank you!
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4 years ago
thank you
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4 years ago
thank you
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