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Author Question: In the figure above, Nike maximizes its profit if it charges ________ per pair of shoes. A) 75 ... (Read 131 times)

ahriuashd

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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

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


ahriuashd

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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