₦airaland Forum

paschal47:
Who Can Solve This?

paschal47:
Who Can Solve This?

Livefreeordieha:
diz means nigerian institutions are gommorrah and sodom wannabe..lol...no comment..abeg someone attach me dat jose mourinho meme..

crazymommy:
You can't stop them but you can make your Atm to stop dispensing cash..

kinggogo:
Crap
Den u cn as well b d woman's foot mat na

Mbilla:
Typical Ghanaian with small sense. Ordinary flyover u see in ur country. You have start comparing it
to Dubai . Joke of the century.

Jarchi:
Nice one,but them don use photoshop kill am. Meh you go fear bashing from nairalander. When your dad earning 25k in a month is happy to borrow 250 million from napo or dem yeye bank for investment not business,naso buhari case be,yes beta thing would come in but at whose expense.

opyzy:
i can see this woman is gradually becoming mad, she might even end up madder than Charlie boy

lustychima:
U are no longer famous

So go and marry

Tolexander:
Yvonne Nelson don cast spell on you!

unclezuma:
https://i.imgur.com/aXxjRXu.gif

EmperorLee:
Sorry, I was sleep-typing last night, I no know anything

Girl360:
Lool I'm not a Sir, neither am I a Ma.

I'm also in level 100, okay?

Anyways you're welcome

EmperorLee:
Very simple thing.







I dey CUM.

Girl360:
Okay so in order to maximize revenue, one would have to look at the elasticity of demand for the product involved.


In this case demand is price elastic, that is the co-efficient of elasticity, which is 2.5 is >1

**we ignore the negative sign

Hence an increase in price of the commodity will lead to a reduction in the quantity demanded, which will lead to a reduction in total revenue.


I appreciate your time and effort!
Thank u
However a decrease in price will lead to the opposite of the above since demand is elastic, all other things being equal.

From this we can conclude that the manager needs to reduce price in order to maximize total revenue

You just have to draw a demand curve and a corresponding TR curve illustrating the above

Asgafconcepts:
You are good!!

But can you please help with interpretation ?

Girl360:
Okay so in order to maximize revenue, one would have to look at the elasticity of demand for the product involved.


In this case demand is price elastic, that is the co-efficient of elasticity, which is 2.5 is >1

**we ignore the negative sign

Hence an increase in price of the commodity will lead to a reduction in the quantity demanded, which will lead to a reduction in total revenue.

However a decrease in price will lead to the opposite of the above since demand is elastic, all other things being equal.

From this we can conclude that the manager needs to reduce price in order to maximize total revenue

You just have to draw a demand curve and a corresponding TR curve illustrating the above