If There Are No Fixed Costs and Marginal Cost Is

question 29

Multiple Choice

if there are no fixed costs and marginal cost is constant at $48, the price elasticity of demand at the profit-maximizing level of output is closest to

• A)-5.69.
• B)-0.35.
• C)-11.38.
• D)-2.85.
• E)-0.18.

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Definitions:

Contingent Cost

Costs that may occur depending on the outcome of a future event or condition.

Recycling of Packaging

The process of reprocessing used packaging materials into new packaging products, contributing to sustainability and waste reduction.

Public Awareness

The extent to which the general population is informed about issues, campaigns, or policies.

United States EPA

The Environmental Protection Agency, responsible for the protection of human health and the environment in the U.S.