If the marginal cost of making a photocopy is 2 cents and the elasticity of demand is 3, the profit-maximizing price is
A)5 cents.
B)4 cents.
C)3.33 cents.
D)3 cents.
E)6 cents.

Question

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The Answer of If the marginal cost of making a photocopy is 2 cents and the elasticity of demand is 3, the profit-maximizing price is
A)5 cents.
B)4 cents.
C)3.33 cents.
D)3 cents.
E)6 cents.

If the Marginal Cost of Making a Photocopy Is 2