Question

calculate elasticity of demand if AR=75 and MR=50....

5

4

2

3​

Answer 1

Step-by-step explanation:

Given marginal revenue (Rm) =50

and price (P) = $ 75

using, Rm = [1 -1 by n ]

50= 75 (1-1 by n )

50 by 75 = (1 - 1 by n )

2 by 3 = 1 - 1 by n

1 by n = 1 by 3

n = 3

elasticity of demand = 3

Answer 2

Given : AR=75 and MR=50​

To Find : calculate elasticity of demand

5

4

2

3

Solution:

MR = AR  (e-1)/e

MR = Marginal revenue

AR = Average revenue   / Price

e = elasticity of demand

MR = 50

AR = 75

=> 50 = 75 (e-1)/e

=> 2 = 3  (e-1)/e

=> 2e  = 3e  - 3

=> 3  = e

Hence elasticity of demand is 3

Learn More:

Suppose the price of mangoes increases from Rs20 per kg to Rs75 ...

brainly.in/question/11717535

If the price of a commodity increases by 10 percent and as a result ...

brainly.in/question/24216344