1. suppose the elasticity of demand for parking lot spaces at SM downtown is -2 and price is 160 per day. If the MC is zero and the parking lot

1. suppose the elasticity of demand for parking lot spaces at SM downtown is -2 and price is 160 per day. If the MC is zero and the parking lot is 75% full at 10 a.m. over last month, are they optimizing? Justify your answer and show your solutions. 2. Mall store retailers place their most expensive products right in the entryway of the store, where consumers will see them first, and place their more popular, better-selling items further back. Why? ‘I. Suppose the elasticity of demand for the parking lot spaces at
SM Downtown is —2 and price is 160 per clay. If the MO is zero and the parking lot is 75% full at “ID am. over the last month,
are they optimizing? Justify your answer. Show solution. Rubrics for number 1: Accuracy of Answer -—- 5 points 2. Mall Store retailers place their most expensive products right in
the entryway of the store. where consumers will see them first,
and place their more popular, better-selling items further back.
Why? (10 points)

Do you need us to help you on this or any other assignment?


Make an Order Now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.