Question : Tony's sells televisions. The marginal cost of a television $300. : 6379
Tony's sells televisions. The marginal cost of a television is $300. Arnie sells to two groups of customers. Group 1 docs not clip coupons and has an elasticity of demand of -3.2. Group 2 is the coupon clipping group. It has an elasticity of demand of -3.6. Calculate the price that Tony should set for his television. Calculate the value of the coupon assuming Tony wants to sell to both groups of customers.