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Calculate the optimal markup price if MC = $10.00 and price elasticity = -1.7. $5.88 $24.27 $17.24 $32.42

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

36. Calculate the optimal markup price if MC = $10.00 and price elasticity = -1.7.
$5.88
eddd
$24.27
$17.24
$32.42

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