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Suppose the demand for stargazers is given byP= 1605Q. a) What is the price elasticity of demand whenQ= 25? b) What is the firm's marginal
Suppose the demand for stargazers is given byP= 1605Q.
a) What is the price elasticity of demand whenQ= 25?
b) What is the firm's marginal revenue when the price is$35?
c) At what price will total revenue be maximized?
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