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    Exam 6: Elasticity and Demand
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    Refer to the Following Figure
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Refer to the Following Figure

Question 31

Question 31

Multiple Choice

Refer to the following figure:
Refer to the following figure:    -What is the equation for marginal revenue? A)  MR = 4,000 -0.005P B)  MR = 4,000 -200Q C)  MR = 4,000 -200P D)  MR = 20 - 0.01Q E)  MR = 20 - 200Q
-What is the equation for marginal revenue?


A) MR = 4,000 -0.005P
B) MR = 4,000 -200Q
C) MR = 4,000 -200P
D) MR = 20 - 0.01Q
E) MR = 20 - 200Q

Correct Answer:

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