Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617390
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 3.3, Problem 2ST
To determine

Explain whether the statement is acceptable or not.

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Which products are for you not price sensitive, so that you would buy them even if the price increased significantly?
Please help with the following question. You are able to sell 15 gallons of ghost pepper sauce per month at a price of $200 per gallon. Re- search shows that for every $9 reduction in price that you can expect to sell 2 more gallons of sauce each month. How much should you charge in order to maximize monthly revenue? Round your response to two decimal places.
Can you do it without using tables? Pleas
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