What is the marginal revenue at the price computed

Reference no: EM13218913

Unique creations 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 marginal cost for Unique?

b) If the price elasticity of demand for Unique is currently -1.5, what price should Unique charge?

c) What is the marginal revenue at the price computed in part B?

Reference no: EM13218913

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