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Business, 12.01.2022 15:30 amf14

The price elasticity of toy cars that you sell is –4.00 [negative 4]; you currently charge a price of $5.00 and marginal cost of toy cars is $3.00. Using the above information, you should be able to find the price that will maximize your profits. a. $4.25 b. $5.00 c. $3.50 d. $3.25 e. $5.50 f. $4.00 g. $4.50 h. $3.00 i. $5.75 j. $6.00 k. $3.75 l. $4.75 m. $5.25

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The price elasticity of toy cars that you sell is –4.00 [negative 4]; you currently charge a price...
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