Determine what is the marginal cost for unique

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Unique Creation holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC= $100,000 + 20Q a. what is the marginal cost for Unique? c. what is the marginal revenue at the price computed in Part b?(if the price elasticity of demand for Unique is currently -1.5, what price should Unique charge?)

Reference no: EM13218708

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