Problem set II (due Friday, November 11th at midnight) * Must be done in pairs. Use your own words or you will get 0 points. If you are using source material, please cite otherwise you are plagiarizing. 1. Use the information given in the table below to answer questions a-d. a. What type of elasticity can we calculate from the information given? b. What is the elasticity between $10 and $11 ? c. What is the elasticity between $3 and $4. d. Determined at which price, the total revenue is maximized. Problem set II (due Friday, November 11th at midnight) * Must be done in pairs. Use your own words or you will get 0 points. If you are using source material, please cite otherwise you are plagiarizing. 1. Use the information given in the table below to answer questions a-d. a. What type of elasticity can we calculate from the information given? b. What is the elasticity between $10 and $11 ? c. What is the elasticity between $3 and $4. d. Determined at which price, the total revenue is maximized