Tag 2 – If the Total Revenue of a Firm is $2500 and its Accounting Profit is $1200: How much is the Explicit Cost?

– If the price of Pepsi increases from $1.00 to $1.50 and as a result you buy 5 a week instead of 10 Pepsis. Calculate the elasticity of Demand. Determine whether Elastic, Inelastic or Unit Elastic is. 2 – If…