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Business, 11.07.2019 21:20 kps26pd2mea

The price elasticity of demand for senior citizens purchasing coffee from mcdonald's is βˆ’5, while non-senior citizens have a price elasticity of demand equal to βˆ’1.25. if it costs mcdonald's $0.02 to produce a coffee, the optimal price for a cup of coffee for non-senior citizens and the resultant marginal cost under third-degree price discrimination are:

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The price elasticity of demand for senior citizens purchasing coffee from mcdonald's is βˆ’5, while no...
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