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Price quantity relationship

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The price quantity relationship has been estimated for a new prostate cancer blood test: Q=4,000-20*P. Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each $50 drop in price, calculate the change in revenue, the change in volume, and the additional revenue per per unit. (Call the additional revenue per unit marginal revenue).

Reference no: EM131396243

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