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nakungth nakungth
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Posts: 1175
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7 years ago
Determine the "rule-of-thumb" price when the monopolist has a marginal cost of $25 and the price elasticity of demand of -3.0.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 66 times
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wrote...
7 years ago
Use equation (10.2) from the text, and solve for price.
   P =   =   = $37.50
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