At the profit-maximizing output the price of Tommy jeans is twice as high as marginal cost. What

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At the profit-maximizing output the price of Tommy jeans is twice as high as marginal cost. What is the elasticity of demand? Discuss.

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:26 AM

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At the profit-maximizing output the price of Tommy jeans is twice as high as marginal cost. What

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Microeconomics Theory and Applications

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