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@mika84 said:
Q31
P=a-0.0004*1mln
Mr=a-0.0008*1mln
a-800=Mc
Mc is calculated
Then,
A is found
Then put value of “a”into P=a-bQ formulae.
Please, who did the same?
and what was your MC
exactly i spend almost 10-15 mins just in search of ‘a’
that is exactly what i wanted to know between i calculated it as 500 what was yours?
thank you soo much 🙂
the problem for me in this question is the part A ( mainly because i don’t know how to calculate price based on market share)
Answer is D
because its paid by cheque and not by cash so no discount will be applied .
Hope t helped
