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thanhha78 thanhha78
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6 years ago
You currently sell the same product to both students and faculty members, and are able to prevent transfer from one group to the other. Your current prices, quantities sold, and the absolute values of the slopes of the demand curves are as follows

   tableau1 ( (  Price    Number sold    Slope of demand curve  )(Students   $52000.01)(Faculty  $10300.40) )

If your marginal cost is $1 and you are interested in maximizing your revenues, how would you adjust your prices?
A) Decrease student price and increase faculty price.
B) Increase student price and decrease faculty price.
C) Decrease prices for both groups.
D) Increase prices for both groups.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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6 years ago
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thanhha78 Author
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6 years ago
you're honestly amazing, thank you
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