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Consider the following Demand curve equation: P = 160 - 0.5Q. Find the level of output (Q) at which total revenue will be maximized? What

Consider the following Demand curve equation: P = 160 - 0.5Q. Find the level of output (Q) at which total revenue will be maximized? What is total revenue at that level of output? What is the price elasticity of demand at that level of output? Explain your answer. Show all your work. (10 points)

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