[Answered] In the figure above, Nike maximizes its profit if it charges _______

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Author Question: In the figure above, Nike maximizes its profit if it charges ________ per pair of shoes. A) 75 ... (Read 45 times)

ahriuashd

Hero Member
Posts: 535

on: Jun 29, 2018

In the figure above, Nike maximizes its profit if it charges ________ per pair of shoes.

A) 75
B) 60
C) 72
D) 42

Question 2

If a 5 percent increase in the price results in a 9 percent increase in quantity supplied, the elasticity of supply is

A) 0.30.
B) 0.55.
C) 1.20.
D) 1.80.

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jxjsniuniu

Sr. Member
Posts: 343

Reply #1 on: Jun 29, 2018

Answer to Question 1

A

Answer to Question 2

D

ahriuashd

Member
Posts: 535

Reply 2 on: Jun 29, 2018

TYSM

kishoreddi

Member
Posts: 329

Reply 3 on: Yesterday

Great answer, keep it coming

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