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? 

Refer to the table below. This information reflects the dema…

Refer to the table below. This information reflects the demand curve and the average cost curve for a firm that is a natural monopoly. What will this firm’s profits equal? (hint: you need to calculate marginal revenues and marginal costs)     Price Quantity Demanded LRAC $13 1 $10.50 $11 2 $9.75 $9 3 $9.50 $7 4 $9.625 $5 5 $10.30