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What price will total revenue be maximized

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Reference no: EM13181100

Suppose the Demand for baseballs is given by Q = 200 - 8P.

a) What is the price elasticity of demand when P = 6?

b) At what price will Total Revenue be maximized?

c) What is the firm's Marginal Revenue when the price is $10?

Reference no: EM13181100

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