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IN EXCEL ONLY. 2. Juniper's best-selling product sells for $75 and, although it currently produces 475,000 of these each year, it has capacity to produce
IN EXCEL ONLY. 2. Juniper's best-selling product sells for $75 and, although it currently produces 475,000 of these each year, it has capacity to produce 50,000 more. Its research determines that its price is 1.15 elastic in a reasonable range around its current price. At what price does it come closest to absorbing this excess capacity? Please solve in excel only
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