Suppose that the price for firm A's main product is $84. The marginal cost of producing the product is $26. Calculate t

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answerhappygod
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Suppose that the price for firm A's main product is $84. The marginal cost of producing the product is $26. Calculate t

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Suppose that the price for firm A's main product is $84.
The marginal cost of producing the product is $26.
Calculate the markup on price (or Lerner's Index) for this
product.
Note: Enter number as a decimal between -1 and 1
to at least four significant figures
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