(Answered) Silkwood enterprises specializes in gardening supplies the

Economics

Silkwood Enterprises specializes in gardening supplies. The demand for its new brand of fertilizer is given by the equation Q=120-4P. Silkwood is currently charging $10 a pound.

a. What is the price elasticity of demand?

b. At this price, what is the marginal revenue?

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Macroeconomics, Economics

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