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Mod4 av3
 

Mod4 av3

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    Mod4 av3 Mod4 av3 Document Transcript

    • Module 4A ARC ELASTICITY OBJECTIVE: This program will calculate the arc elasticity of demand, total revenue and marginal revenue when a demand schedule is given. INPUTS (will appear in blue): 1) Up to fourteen prices may be entered in descending order in even-numbered cells from A20 through A46. 2) Up to fourteen quantities may be entered in ascending order in even-numbered cells from B20 through B46. Sample data have been entered as an example. DEMAND TOTAL MAR. PRICE QUAN. ELASTICITY REV. REV. 18 0 0 -35.00 17 17 1 17 -11.00 15 16 2 32 -6.20 13 15 3 45 -4.14 11 14 4 56 -3.00 9 13 5 65 -2.27 7 12 6 72 -1.77 5 11 7 77 -1.40 3 10 8 80 -1.12 1 9 9 81 -0.89 -1 8 10 80 -0.71 -3 7 11 77 -0.57 -5 6 12 72 -0.44 -7 5 13 65