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Based on the best available econometric estimates, the market elasticity of demand for your firm's product is 2.5. The marginal cost of producing the product

Based on the best available econometric estimates, the market elasticity of demand for your firm's product is 2.5. The marginal cost of producing the product is constant at $75, while average total cost at current production levels is $130. Determine your optimal per unit price if: Instructions:

Enter your responses rounded to two decimal places. please explain otherwise downvote

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