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pirex pirex
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6 years ago
A monopoly sets a price of $50 per unit for an item that has a marginal cost of $10. Assuming profit maximization, the implicit demand elasticity is
A) -0.2.
B) -0.8.
C) -1.25.
D) -5.0.
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Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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LBCeaLBCea
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6 years ago
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pirex Author
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6 years ago
Correct Slight Smile TY
big_larry_samp
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Yesterday
this is exactly what I needed
terriroberts96
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2 hours ago
Thanks
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