help4671 help4671
  • 30-05-2023
  • Business
contestada

If Harry Doubleday’s price elasticity of demand is –2, and its profit-maximizing price is $6, then its:
a.
average cost is $3.00.
b.
average cost is $0.33.
c.
marginal cost is $3.00.
d.
marginal cost is $0.33.
e.
average cost is $5.67.

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