Good people is currently selling beer for 3 per pint the, Ask an Expert

Economics

Good People is currently selling beer for $3 per pint. The marginal cost of a pint is $.50. If we raise the price of the beer to $5, what percentage of customers must be maintained to ensure Good People at least stays even with the proposed price increase?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720875

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