Suppose that a monopolist is charging a price of $40 and price elasticity is -2. What must the marginal cost of production be?
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10 |
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20 |
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30 |
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40 |
MC = $20
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Suppose that a monopolist is charging a price of $40 and price elasticity is -2. What...
Suppose that a monopolist is charging a price of $40 and price elasticity is -2. What must the marginal cost of production be? 0 10 20 30 40
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