is screen visible?

Clear with Price-consumption and Demand curves?

30k sums -> good lunch in ATB canteen
60k sums -> great lunch in ATB canteen
120k sums -> restaurant

Langrange multiplier

price or income?

No questions on MCQ? (Seminar 4)

15k -> 30k

will u keep buying from this brand?

Discussion question

All discussion questions of seminar 4

inelastic -> basic need, less alternatives to switch

elastic -> a specific brand, lots of substitutes

Question 12. Seminar 4

Question 13. A

Question 13. B

Question 13. D and E

Elasticity >1 -> Revenue is increasing

Elasticity <1 -> Revenue is decreasing

Elasticty = 1 -> revenue=maximum

Last question's D part