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Business, 16.10.2021 03:50 Rboltonbcs

Demand Schedule for Rocky Road Bus Company. Please keep the sign. Bus Fare Passengers Total Revenue Arc Elasticity of Demand $1.00 0 0.9 10 0.8 20 0.7 30 0.6 40 0.5 50 0.4 60 0.3 70 0.2 80 0.1 90 0 100 1) Calculate the total Revenue earned by Rocky Road at each price 2) Calculate the arc elasticities of demand. 3) What bus fare should Rocky Road charge in order to maximize its revenues?

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Demand Schedule for Rocky Road Bus Company. Please keep the sign. Bus Fare Passengers Total Revenue...
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