Question 1 ‍a firm started advertising its product and this changed the product’s elasticity from -2 to -1.5. using the formula ‍(p – mc)/p = 1/ |e| the firm should? a. ‍raise price from $10 to $15 b. ‍reduce price from $15 to $10 c. ‍raise price from $7.50 to $10 d. ‍reduce price from $10 to $7.50

Question 51 ptssolve. assume the exercise describes a linear relationship.marty's tee shirt & jacket company is to produce a new line of jackets with a embroidery of atpvtenpoeyiliceorsuit ut itoare fixed costs of $59 u to set ud for production, andvariable costs of $39 per jacket. write an equation that can be used to determine the total costencountered by marty's company in producing x jackets. use the equation to find the total cost ofproducing 50 jackets.$2520s2532o $2540s2552