where Q = number of hamburgers sold per month, in thousands
P = price of Ziggy’s hamburgers, in dollars
PC = price of hamburgers for Ziggy’s major competitor, in dollars
Y = income per capita in the surrounding community, thousands of dollars
A = advertising expenditures during the previous month, thousands of dollars
Currently, Ziggy charges $1.00 for its hamburgers,
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Expert's answer
2014-04-07T08:40:13-0400
Dear visitor Unfortunately, the statement of your question is a bit confusing. What do you need to be done? Please, give us the details so we could help you. We do not know sufficient information to solve this problem
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