E2 P Q Arc elasticity Point elasticity TR MR 7 100 14 700 6.5 200 13 1300 6 6 300 12 1800 5 5.5 400 11 2200 4 5 500 10 2500 3 4.5 600 9 2700 2 4 700 8 2800 1 3.5 800 7 2800 0 3 900 6 2700 -1 2.5 1000 5 2500 -2 2 1100 4 2200 -3 1.5 1200 3 1800 -4 calculate arc elasticity and show it in steps

E2 P Q Arc elasticity Point elasticity TR MR 7 100 14 700 6.5 200 13 1300 6 6 300 12 1800 5 5.5 400 11 2200 4 5 500 10 2500 3 4.5 600 9 2700 2 4 700 8 2800 1 3.5 800 7 2800 0 3 900 6 2700 -1 2.5 1000 5 2500 -2 2 1100 4 2200 -3 1.5 1200 3 1800 -4 calculate arc elasticity and show it in steps

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

P	Q	Arc elasticity	Point elasticity	TR	MR
7	100		14	700
6.5	200		13	1300	6
6	300		12	1800	5
5.5	400		11	2200	4
5	500		10	2500	3
4.5	600		9	2700	2
4	700		8	2800	1
3.5	800		7	2800	0
3	900		6	2700	-1
2.5	1000		5	2500	-2
2	1100		4	2200	-3
1.5	1200		3	1800	-4

calculate arc elasticity and show it in steps

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