Determine the marginal cost for unique if price elasticity

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Unique Creations holds a monopoly position in the production and sale of manometers. The cost function facing Unique is estimated to be

TC = $100,000 + 20Q

What is the marginal cost for Unique?

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

What is the marginal revenue at the price computed.

Reference no: EM13453196

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