Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Suppose a firm's inverse demand curve is P = 100 ? Q and its marginal cost is constant at $20

Suppose a firm's inverse demand curve is P = 100 ? Q and its marginal cost is constant at $20

Marketing

Suppose a firm's inverse demand curve is P = 100 ? Q and its marginal cost is constant at $20. Show that the value of the Lerner index at the profit-maximizing quantity is 0.67. Find the corresponding price elasticity of demand.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE