question archive In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost was $159
In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost was $159
Subject:EconomicsPrice:2.88 Bought3
In 2009, the price of Amazon's Kindle 2 was $359, while iSuppli estimated that its marginal cost was $159. What was Amazon's Lerner Index? What elasticity of demand did it face if it was engaging in short-run profit maximization?
The value of Amazon's Lerner Index (L) was what? (Enter your response rounded to two decimal places.)
Mazon's elasticity of demand (e) is what? (Enter your response rounded to two decimal places and include a minus sign if necessary.)
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