Simple Economic Question
ProfArgeol
simple_question1.xlsxSheet1
| Cost | Current Price | Current Quantity | Current Profit | New Price | Price change | Break even quanity? | break even d(Q) | Oberved Q | Observed d(Q) | elasticity | optimal price | optimal quantity | |
| Young | $ 20 | $220 | 1800 | 360000 | $ 240 | 9% | 1,636 | -9% | 1000 | -44% | |||
| old | $ 30 | $250 | 300 | 66000 | $ 230 | -8% | 330 | 10% | 600 | 100% |
