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3.05 Getting The Most For Your Money

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elizabeth bakane

on 23 December 2013

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Transcript of 3.05 Getting The Most For Your Money

3.05 Getting The Most For Your Money
DATA TABLE
Questions And Answers
1.What product market did you choose for this data to represent? I chose the iphone because the price of an iphone is between $200 and $400 so t fit with the data
2.At which price and quantity does marginal cost nearly equal marginal revenue without exceeding it? Highlight this point on your graph. (5,90)
3.If you were in business for this product, at which price and quantity level would you sell? I would sell it at the price of $204 and the quantity of 8 because more people want the product because its cheaper.
GRAPH
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