Suppose the marginal cost of production for a company is 6


Suppose the marginal cost of production for a company is $6 at its current production levels. Suppose the price elasticity of demand is constant at -2 between prices of $10 to $15, if current prices are $10, is the company pricing at the correct optimal level? If not, should it increase or decrease prices and to what level?

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Business Economics: Suppose the marginal cost of production for a company is 6
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