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Suppose a profit-maximizing monopolist is producing 1000 units of output and is charging a price of $50.00 per unit. If the elasticity of demand for

Suppose a profit-maximizing monopolist is producing

1000

units of output and is charging a price of

$50.00

per unit.

If the elasticity of demand for the product is

negative 1.50

find the marginal cost of the last unit produced.

The marginal cost of the last unit produce is

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