The price elasticity of demand for hotdogs on a beach in a


The price elasticity of demand for hotdogs on a beach in a small east coast resort town is -4 in the month of May, while in July the elasticity falls to -2. A single vendor supplies the hotdogs to the beachcombers. If the marginal cost per hotdog is $0.90, how much should the vendor charge per hotdog in May and July?

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Business Economics: The price elasticity of demand for hotdogs on a beach in a
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