Project #31358 - Scatter Plot

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1. Graph each sheet (3 Sheets). Interpret (say what you see or give evidence) 'Plot in Excel'

Total Revenue equals price times quantity

Marginal Revenue equals the change in Total Revenue (TRI - TR2) divide by the change in quantity (Q2 -Q1)

2. Calculate total revenue and Graph. interpret

3. Calculate Marginal revenue and graph, interpret

4. Calculate slope, interpret

5. calculate the ARC Elasticity, interpret

Find the equalibrium price in each sheet

Assume the Qs = P + 2.3. or P = Qs -2.3

Subject Business
Due By (Pacific Time) 05/20/2014 2am
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