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You are the manager of a firm that receives revenues of $50000 per year from pro
ACC260 Week 4 Philosophical Approaches to Ethical Decision Making Appendix B
September 15, 2020ACC260 Week 4 Critiquing Philosophical Approaches to Ethical Decision Making
September 15, 2020You are the manager of a firm that receives revenues of $50000 per year from product X and $90000 per year from product Y. The own price elasticity of demand for product X is -3 and the cross-price elasticity of demand between product Y and X is 1.6. How much will your firms total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
