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A company wants to optimize the price of a product with a production cost of $80 per unit. They aim for a 50% profit margin.
A company wants to optimize the price of a product with a production cost of $80 per unit. They aim for a 50% profit margin. The price elasticity of demand for this product is -1.8. What is the optimal price using the Economic Price Optimization formula
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Essentials of Business Driven Information Systems
Authors: Paige Baltzan, Amy Phillips
1st edition
1260004716, 978-0073376721
