Assume the initial price of the drugwas $50 per unit, and at that price there were 2,000 units sold. Miland, the manufacturerof the EppiPencil, has hired you as an economic consultant. You are tasked with increasingrevenues for the company. After some research, you discover that if you raise the price of theEppiPencil to $75, consumers will be willing to purchase 1,500 units. Required:
Based on the information above: (a) At the initial price of $50 per unit, how much revenue would the total sales of EppiPencils create for Miland?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration