A firm produces a product with a fully allocated average cost equal to $20. If the price elasticity of demand for the product is -5,?

Question

then the product price should be set at :

a. $25.

b. $24.

c. $23.

d. $22.

Nasir Hussain · Answer

a. $25. .........................................................................................

Khaled Anwar · Answer

The answer is : Option ( A )

Emad Mohammed said abdalla · Answer

The correct answer was: a. $25..

khaled elkholy · Answer

agree with mr emad..........................................................................

Sashikanta Mohapatra · Answer

It's the 1st option....Option A.

Ahmed Mohamed Ayesh Sarkhi · Answer

My Answer Is Option " A " .....

Mohammed Asim Nehal · Answer

When allocated average cost equal to $20 and elasticity of demand is negative it means we need to add it to Cost / substract from revenue.....so answer is $25

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

My answer is option (A) $25

Yaqoub Alomar · Answer

I agree with the majority

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A firm produces a product with a fully allocated average cost equal to $20. If the price elasticity of demand for the product is -5,?

then the product price should be set at :

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