Econ 315 Formulas
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Econ 315 Formulas Questions And Answers 2023 Quiz
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Econ 315 Formulas Questions And Answers 2023 Quiz 
 Marginal Revnue for a Firm with Market Power MC=MR= P * (( 1 +Ef)/Ef) 
 
Ef is the own-price elasticity of demand 
 
Profit-Maximizing Markup for Monopoly and Monopolistic Competition P= (Ef/(1+Ef)) * MC 
 
Ef is the own-price elasticity of demand 
 
Profit-Maximizing Markup for Cournot Oligopoly P= (N*Em/(1+N*Em) *MC 
 
N is the number of firms in industry 
Em is the market elasticity of demand 
 
Advertising to Sales Ratio A/R = ElasAdv/ElasD...
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