Equals the price elasticity of demand at the price

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Create a table where Q equals 0, 10, 20, 22.5, 30, 40 50 and 55. In the table include Quantity, Price, Total Revenue, Marginal Revenue (where MR equals the change in TR divided by the change in Q in the table), MR where MR=a-2bQ (include an explanation and derivation of this equation in your paper), MR, where MR=P(1+1/e), where e equals the price elasticity of demand at the price, Costs (cQ), and firm’s profit.

Reference no: EM13773033

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