For the Minnie Mice Company,the Elasticity of Demand Is -6,and

question 6

Multiple Choice

For the Minnie Mice Company,the elasticity of demand is -6,and the profit-maximizing price is 30.If MC is marginal cost and AVC is average variable cost,then:

• A) MC = 25.
• B) AVC = 25.
• C) MC = 30.
• D) AVC = 36.
• E) MC = 36.

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