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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 :

 a. $25. 

 b. $24. 

 c. $23. 

 d. $22. 

 

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Question ajoutée par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date de publication: 2015/07/23
Nasir Hussain
par Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

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

Khaled Anwar
par Khaled Anwar , Senior Sales Engineer , "Automotive company''

The answer is : Option ( A ) 

Emad Mohammed said abdalla
par Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

  1. The correct answer was: a. $25.

khaled elkholy
par khaled elkholy , HR MANAGER , misk for import & export

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

Sashikanta Mohapatra
par Sashikanta Mohapatra , Manager - Business Development/Sales Process Deployment , Vodafone Spacetel Limited

It's the 1st option....Option A.

Ahmed Mohamed Ayesh Sarkhi
par Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

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

 

Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

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

Yaqoub Alomar
par Yaqoub Alomar , Civil Engineer , Al-Zubeir municipality

I agree with the majority 

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