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iz i Saved Table below shows the demand schedule for poetry booklets in the town of Never Ending. Price 20 Quantity TR 18 7
iz i Saved Table below shows the demand schedule for poetry booklets in the town of Never Ending. Price 20 Quantity TR 18 7 126 16 14 224 14 21 294 12 281 336 10 35 350 8 42 336 6 49 294 4 56 224 a) Calculate the total revenue of the seller at each quantity in the above table. b) At what quantity and price is total revenue maximized? Quantity: 35 Price: $ 10 c) Draw the demand curve and indicate the point of unitary elasticity in the below graph. Plot all the points using the tool in the graphing area below. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You use this to enter exact co-ordinates for your points as needed. 20 Tools
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