A monopolistic competitor has the following information on c…

A monopolistic competitor has the following information on cost and demand.   Quantity Price ($) Total Revenue ($) Marginal Revenue ($) Total Cost ($) Marginal Cost ($) Average Cost($) 0 25 0 25 30 — — 2 24 48 23 35 2.5 17.5 4 23 92 21 45 5 11.25 6 22 132 19 60 7.5 10 8 21 168 17 77 8.5 9.63 10 20 200 15 100 11.5 10 12 19 228 13 126 13 10.5 14 18 252 11 165 19.5 11.79 16 17 272 9 210 22.5 13.13 18 16 288 7 260 25 14.44 20 15 300 5 320 30 16   What will the firm’s economic profits equal in the long run?

Price Quantity Demanded $40 10 $35 15 $30 20 $25 25…

Price Quantity Demanded $40 10 $35 15 $30 20 $25 25 $20 30 Use the demand schedule above to answer the following question. Round your answer to the nearest hundredth (0.00) and do not include the negative sign (-). Going from a price of $25 to a price of $20, the elasticity coefficient is?