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For the Minnie Mice Company,the Elasticity of Demand Is -6,and

Question 6

Multiple Choice

For the Minnie Mice Company,the elasticity of demand is -6,and the profit-maximizing price is 30.If MC is marginal cost and AVC is average variable cost,then:


A) MC = 25.
B) AVC = 25.
C) MC = 30.
D) AVC = 36.
E) MC = 36.

Correct Answer:

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