Elasticity and marginal revenue holds

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Reference no: EM131007729

For the linear demand function p = -6q + 540

(1) Calculate the price elasticity and write it only as a function of q

(2) Calculate the marginal revenue

(3) Draw demand and marginal revenue together on 1 graph

(4) Show that the expected relationship between elasticity and marginal revenue holds

Reference no: EM131007729

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