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Draw marginal revenue function associated with demand

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Reference no: EM131189665

Consider the demand function Q = 99 - p.

(a) At what output level does the elasticity equal -2 ?

(b) At what output level does the elasticity equal -1 ?

(c) Calculate and draw the marginal-revenue function associated with this demand.

(d) At what output level does the marginal revenue equal zero?

(e) Calculate the consumers surplus when p = 33 and p = 66.

Reference no: EM131189665

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