Business, 25.03.2020 03:50 rubimachuca1020

Suppose that demand is perfectly inelastic at 20 million bags, so that consumers demand 20 million bags no matter what the price is. What price should you charge if you want the firm to earn only a fair rate of return? Assume as always that TC includes a normal profit.

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Suppose that demand is perfectly inelastic at 20 million bags, so that consumers demand 20 million b...

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