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Rhonda sells artisanal chocolates which she sells at $10 per pound. If the price elasticity of artisanal chocolates is 2, calculate marginal revenue of selling
Rhonda sells artisanal chocolates which she sells at $10 per pound. If the price elasticity of artisanal chocolates is 2, calculate marginal revenue of selling these chocolates using neoclassical markup pricing.
1. 0.67
2. 5
3. 10
4. 0.33
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