Question: The table at the top of page 28 gives price and corresponding quantity demanded data for a arm.

(a) Complete the table by finding total revenue and arc marginal revenue.

(b) Plot the demand curve, total revenue curve, and arc marginal revenue curve. Note that arc marginal revenue between, two levels of output should lie plotted and-way between the two levels:

(c) Find the price elasticity of demand between P = $35 and P = $30, and also between P= $15 and P = $10. In which price range is it more elastic?