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Profit margin equals O marginal cost minus marginal revenue average cost minus average revenue OC average cost minus average variable cost price minus cost Question
Profit margin equals O marginal cost minus marginal revenue average cost minus average revenue OC average cost minus average variable cost price minus cost Question 36 (Mandatory) (2 points) If the price elasticity of demand is -2, the optimal markup on price is 50% 67% 100% O 20% Question 37 (Mandatory) (2 points) When engaging in short-run incremental analysis, managers should ignore fixed costs O implicit costs explicit costs ()effects on the costs of already existing products
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