Hello, I have a short question regarding Ex. 6 in the Notes. For a - theoretical maximum price. I found for b = 0.001 , selling price - 10 p.u. ; demand - 20,000 u.p.a. a = 10 + (0.001 x 20,000) = 30 , why in the answers is given 120 ?? Thanks in advance
Hello,
I have a short question regarding Ex. 6 in the Notes.
For a - theoretical maximum price. I found for b = 0.001 , selling price - 10 p.u. ; demand - 20,000 u.p.a.
a = 10 + (0.001 x 20,000) = 30 , why in the answers is given 120 ??
Thanks in advance
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