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nguyenduong67 nguyenduong67
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6 years ago
You currently sell the same product to both professional plumbers and homeowners, 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  )(Plumbers   $20300.75)(Homeowners   $20100.50) )

If your marginal cost is $10 and you are interested in maximizing your revenues, how would you adjust your prices?
A) Decrease plumbers' price and increase homeowners' price.
B) Decrease prices for both groups.
C) Increase prices for both groups.
D) Increase plumbers' price and decrease homeowners' price.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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nguyenduong67 Author
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6 years ago
You make an excellent tutor!
veronee_madison
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Yesterday
Helped a lot
DAGINC
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2 hours ago
Smart ... Thanks!
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