What price should charge for a razor and for a blade

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Reference no: EM132555559

Question 1: In the razorsandblades.xls file example, suppose the cost to produce a blade is $0.20. If you charge $0.35 for a blade, a customer buys an average of 50 blades from you. Assume the price elasticity of demand for blades is 3. What price should you charge for a razor and for a blade?

Reference no: EM132555559

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