Question

1. From the give table calculate Elasticity of Price, Total Revenue and Marginal Revenue.
Also, explain the relationship between AR and MR?

Answer 1

Through privatizing, the role of the government in the economy is condensed, thus there is less chance for the government to negatively impact the economy (Poole, 1996). ... Instead, privatization enables countries to pay a portion of their existing debt, thus reducing interest rates and raising the level of investment.

hope it helps you