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Suppose constantnbsp total costs suggest the price change

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Reference no: EM13393741

Calculate the following elasticity coefficient. Interpret the coefficient fully. Next,  graph this price and quantity combination using your own demand curve and using the appropriate technique find the elasticity segments and the marginal revenue.

 

P                QD

 

$90            9000

 

$110          7000

 

b) Assume constant  total costs. Recommend a price change to maximize profits. Explain using the elasticity concept.

 

Reference no: EM13393741

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