1
Question
From the
schedule provided below calculate the total revenue, demand curve and
the price elasticity of demand:
Quantity
1
2
3
4
5
6
7
8
9
Marginal Revenue
10
6
2
2
2
0
0
0
−5
From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand:
|
Quantity |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|
Marginal Revenue |
10 |
6 |
2 |
2 |
2 |
0 |
0 |
0 |
−5 |