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Economics

Important information about elasticity and marginal revenue

Elasticity and marginal revenue

here is some data on the demand for marshmallows

price quantity
$10 100
8 300
6 700
4 1300
2 2200

is demand elastic or inelastic in the $ 4 - $6 price range? how do you k now?

if the table represents the demand faced by a monopoly firm then what is that firms marginal revenues as it increases output from 100 units to 300 units.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9202856

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