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Penn State Econ 102 hw3 question 1 1. (8 points) Below are the answers from HW#2, Question 3. Using the formula that we derived in

Penn State Econ 102 hw3 question 1

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1. (8 points) Below are the answers from HW#2, Question 3. Using the formula that we derived in class that relates Marginal Revenue to Price Elasticity of Demand, ll in the Marginal Revenue Column. _ Marginal Revenue -1/4 or -.25 $1200 -2/3 or - .667 $1800 -3/2 or -1.5 $1800 -7/3 03 -2.333 $1575

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