Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale
Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale
Post your own discussions and contribute to at least one of your classmate’s discussions by the end of Saturday. Quote references to substantiate your discussions.
- Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Explain how a profit-maximizing manager should decide what goods to put on sale based on the relationship between total revenue and price elasticity of demand. Provide appropriate examples as needed.
- With appropriate examples explain how marginal cost is related only to total variable cost.
Requirements: 500 words
Masters Economics
and please reference the book
- Managerial Economics: Economic Tools, 7th EditionBy: Keat, Paul G., Young, Philip K., Erfle, Stephen E.
ISBN: 978-0-13-302026-7
Correct book reference:
Keat, P. G., Young, P. K. Y., & Erfle, S. E. (2014). Managerial economics : economic tools for today’s decision makers (7th ed.). Boston: Pearson Education, Inc.
Answer preview for the paper on ‘Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale’
APA 475 words
Click the purchase button below to download full answer…….