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6 - Consider the following linear demand curve: Qd= 20 - P.What does consumer surplus equals when the market price equals 4?Assume a continuous demand
6 - Consider the following linear demand curve: Qd= 20 - P.What does consumer surplus equals when the market price equals 4?Assume a continuous demand function.
7 - What does a marginal revenue equal when the firm's price equals 34 and the price elasticity of demand equals -4?
8 - What does a marginal revenue equal when the firm's price equals 16 and the price elasticity of demand equals -0.3?
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