January 2011
Beginner to intermediate
720 pages
23h 29m
English
Questions answered in this chapter:
Sometimes I don’t know the price elasticity for a product. In other situations, I don’t believe a linear or power demand curve is relevant. Can I still estimate a demand curve and use Solver to determine a profit-maximizing price?
How can a small drugstore determine the profit-maximizing price for lipstick?
Sometimes I don’t know the price elasticity for a product. In other situations, I don’t believe a linear or power demand curve is relevant. Can I still estimate a demand curve and use Solver to determine a profit-maximizing price?
In situations when you don’t know the price elasticity for a product or don’t ...