*For the given demand-price function and quantity: quantity 30 price = 25 quantity = 575 a. Find the price associated with the given quantity: 5.833 b. Find the elasticity for the given quantity: c. State which pricing strategy increases revenue: Raise d. Find the price and quantity that maximizes revenue: price = quantity =

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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In excel only part d ASAP.

For the given demand-price function and quantity:
дuantity
price = 25 -
; quantity = 575
30
a. Find the price associated with the given quantity: 5.833
b. Find the elasticity for the given quantity:
c. State which pricing strategy increases revenue: Raise
d. Find the price and quantity that maximizes revenue:
price
дuantity -
Transcribed Image Text:For the given demand-price function and quantity: дuantity price = 25 - ; quantity = 575 30 a. Find the price associated with the given quantity: 5.833 b. Find the elasticity for the given quantity: c. State which pricing strategy increases revenue: Raise d. Find the price and quantity that maximizes revenue: price дuantity -
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