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Hello, Please, I need your help. Please, do not take the answer from other sites. Thank you. The price elasticity of demand for a textbook
Hello,
Please, I need your help. Please, do not take the answer from other sites. Thank you.
The price elasticity of demand for a textbook sold in the United States is estimated to be -2.0, whereas the price elasticity of demand for books sold overseas is -3.0. The U.S. market requires hardcover books with a marginal cost of $30; the overseas market is normally served with softcover texts on newsprint, having a marginal cost of only $15. Calculate the profit-maximizing price in each market.
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