Question

there are 13 Oreos total in a pack of 30 rs there are 3 person 1 person get 4 biscuits second get 4 biscuits and third get 5 biscuits tell the price of 1 biscuit please​

Answer 1

Answer:

If the demand for Oreos were perfectly price elastic (horizontal demand curve), then an increase in the cost of packaging (marginal cost) would cause the price to stay the same and quantity to decrease. In this case, the producer completely absorbs the higher costs and profits are reduced without affecting the consumer.

That was a standard textbook answer. From a behavioral economics perspective, consumers are fooled into thinking that $10 for 5 is cheaper than $12 for 6. This perception of lower price raises sales. I hope it's helpful for you

Answer 2

Answer:

Rs.1

Step-by-step explanation:

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