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Table 2 shows Media Cable's demand table, total revenue, and marginal revenue at each price. What is the quantity effect of reducing the price from
Table 2 shows Media Cable's demand table, total revenue, and marginal revenue at each price. What is the quantity effect of reducing the price from $100 to $80? Table 2
| Price | Amount Demanded | Total Revenue | Marginal Revenue |
|---|---|---|---|
| $160 | 0 | $0 | n/a |
| $130 | 90 | $11,700 | $130.00 |
| $100 | 200 | $20,000 | $75.45 |
| $80 | 350 | $28,000 | $53.33 |
| $40 | 600 | $24,000 | -$16.00 |
| $0 | 850 | $0 | -$96.00 |
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Anatomy Of A Fraud Investigation
Authors: Stephen Pedneault
1st Edition
470560479, 978-0470560471
