Industry experts estimate that the elasticity of your


Industry experts estimate that the elasticity of your company's product is a constant -1.8. However, you believe that by including a differentiating feature that costs an additional $3 a unit, you can change the elasticity to -1.7. Your current marginal cost is $12 a unit. How much more will you end up charging?

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Business Economics: Industry experts estimate that the elasticity of your
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