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Managerial economics : As a manager for the fresh chicken division of a firm like Tyson Foods, Inc., you know that the price elasticity of

Managerial economics :

As a manager for the fresh chicken division of a firm like Tyson Foods, Inc., you know that the price elasticity of the total market demand for broiler chickens is 0.5. When one of your assistants suggests raising the price of your chicken by 10 percent, asserting that such a move would increase revenue, how do you respond, and why?

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