Average monthly total revenue from the sale, Macroeconomics

The Stop decay company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per month over the past year. Recently, its closest competitor, Decay fighter, reduced the price of its electric toothbrush from $35 to $30. As a result, stop decay's sales declined by 1,500 units per month.

What is Stop decay's average monthly total revenue from the sale of electric toothbrushes before and after the price change determined?

Posted Date: 2/5/2014 2:00:21 AM | Location : United States

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