Explain how firm could employ computed elasticities in its, Ask an Expert

Economics

Q. 1. Answer following questions:

a. Compute elasticity for each variable and discuss relative importance of each variable.

b. Explain how firm could employ computed elasticities in its pricing and marketing decisions.

c. Which of se variables have statistically significant relationships with sales? Explain.

d. What proportion of variation in sales is explained by independent variables in equation? How confident are you about this answer? Explain

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9307773

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