company manufactures controllers used in the production of commercial air conditioning units and currently selling them at 50.00 each. Marginal costs are 30.00 for production up to 10,000. units per month. Production cannot be pushed beyond at which the company can maximize profits, if the price elasticity of demand is estimated to be -2 for prices between $45 and $65 per controller? (Hint: since we know at equilibrium that MC=MR, and we know that MR=P(1-1/ /e/ to solve for optimal P)
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