For a good that has a price elasticity of demand of -1.5 and a marginal cost of $50 per unit, the profit-maximizing price should be approximately _____.
A) $200
B) $168
C) $150
D) $50
E) $134

Question

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The Answer of For a good that has a price elasticity of demand of -1.5 and a marginal cost of $50 per unit, the profit-maximizing price should be approximately _____.
A) $200
B) $168
C) $150
D) $50
E) $134

For a Good That Has a Price Elasticity of Demand