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Company charge for a razor and for a blade

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Reference no: EM132021309

Pretending the cost associated to producing a razorblade is $.20. If my company charges $.35 for one razorblade, customers on average buy 50 razorblades. Assuming the price elasticity of demand for blades is three. What price should the company charge for a razor and for a blade?

Reference no: EM132021309

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