Topic 2 Flashcards
1
Q
Elasticity, from % Change
A
2
Q
Arc Point Elasticity
A
3
Q
A
4
Q
Marginal Revenue with price elasticity
A
5
Q
In MR with ep, what is the elasticity when total revenue is maximised?
A
ep = 1
6
Q
Optimal price formula (to maximise profits)
A
7
Q
Lancaster Model
A
