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Satsume Satsume
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7 years ago
Trisha has a monopoly on formal gowns in the local market.  She is currently charging $250 per gown and sells 20 in a month.  The elasticity of demand is -1.5 at this price and output level.  What must be Trisha's marginal cost of the last gown produced if she is maximizing profits?
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Microeconomics

Microeconomics


Edition: 8th
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CanihCanih
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