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Given the following demand function: PriceQuantity demandedArc ElasticityTotal RevenueMarginal Revenue P ($)Q (pounds)E P ($) ($)___________ $1230 1140 1050 960 870 780 690 Compute the

Given the following demand function:

PriceQuantity demandedArc ElasticityTotal RevenueMarginal Revenue

P ($)Q (pounds)E_P($)($)___________

$1230

1140

1050

960

870

780

690

Compute the associated arc elasticity, total revenue, and arc marginal revenues

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