Question: Using the information in Table 4.9 about Scenario C: a. Compute total revenue when correlation between price and quantity is positive. b. What is the

Using the information in Table 4.9 about Scenario C:

a. Compute Ïƒtotal revenue when correlation between price and quantity is positive.
b. What is the correlation between price and revenue?

Production Scenario B (Negative correlation) 1.0m 0.6m 1.5m 0.8m C (Positive correlation) A (Uncorrelated) 1.0m 1.0m 1.0m 1.0m Corn Price (S) 1.5m 0.8m 1.0m 0.6m etl

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