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If There Are No Fixed Costs and Marginal Cost Is

Question 18

Multiple Choice

if there are no fixed costs and marginal cost is constant at $44, the price elasticity of demand at the profit-maximizing level of output is closest to


A) 20.39.
B) 25.14.
C) 22.57.
D) 210.29.
E) 20.19.

Correct Answer:

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