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Author Question: The owner of a bakery decides to drop the price of lemon cakes by 5, how much does quantity sold ... (Read 48 times)

abern

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on: Jul 1, 2018
The owner of a bakery decides to drop the price of lemon cakes by 5, how much does quantity sold have to rise to stop the revenue from decreasing
 a. 2
  b. 3
  c. 4
  d. 5

Question 2

This sequential game illustrates a
 a. Third mover advantage
 b. Second mover advantage
 c. First mover advantage
 d. No advantage based on moves


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prumorgan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


abern

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

recede

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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