If elasticity is 2, price is $10, and marginal cost is $8, should you raise or

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If elasticity is – 2, price is $10, and marginal cost is $8, should you raise or lower price?

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Managerial Economics A Problem-Solving Approach

ISBN: b00btm8fk0

2nd Edition

Authors: Luke M. Froeb, Brain T. Mccann

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Question Posted: Jan 21, 2012 07:01 AM

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If elasticity is 2, price is $10, and marginal cost is $8, should you raise or

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In this case the current markup 10810 is less ...View the full answer

Managerial Economics A Problem-Solving Approach

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