Question: In the razor and blade example, suppose the cost to produce a blade is $0.20. If you charge $0.35 for a blade, a customer buys

In the razor and blade example, suppose the cost to produce a blade is $0.20. If you charge $0.35 for a blade, a customer buys an average of 50 blades. Assume the price elasticity of demand for blades is 3. What price should you charge for a razor and for a blade?

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