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Amazon raised the price of unlimited shipping from $79 per year to $99. Suppose the price of elasticity of demand for amazon is -3. When

Amazon raised the price of unlimited shipping from $79 per year to $99. Suppose the price of elasticity of demand for amazon is -3.

When the price was $79, what was the Marginal Cost (MC)? show the calculation.

How much did the marginal cost rise when the price was increased to $99?

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