If you want to start an online clothing store that sells casual wear clothing (hoodies, sweatpants, shorts, undergarment) and workout accessories (socks, hats) for both men and women

1. What are the determinants of production cost?
2. What is the marginal cost of producing another unit of the good?
3. What price is charged for the product?
4. Use the above information to calculate the price elasticity implied by the optimal pricing formula. That is, given P and MC, find the value of elasticity (e) that makes (P-MC)/P = -1/e.