Question: Here is some data on the demand for pounds of fresh spinach: Price...........................Quantity $10...........................100 $ 8........................... 200 $ 6...........................360 $ 4...........................600 $ 2...........................1,000 (a.) Is

Here is some data on the demand for pounds of fresh spinach:Price...........................Quantity$10...........................100$ 8........................... 200$ 6...........................360$ 4...........................600$ 2...........................1,000(a.) Is demand elastic or inelastic in the $6-$8 price range? How do you know?
(b).If the table represents the demand faced by a monopoly firm, then what is that firm's marginal revenue as it increases output from 600 units to 1,000 units? Show all work.

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a Elastic Revenues with P 6 are 36062160 Revenues with P 8 are 2008 1600 So as price ... View full answer

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