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Given, AR = 5 and Elasticity of demand = 2 Find MR.
- a)+2.5
- b)-2.5
- c)+1.5
- d)+2.0
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d...
Calculation of MR with given AR and Elasticity of demand
Given parameters:
- AR = 5
- Elasticity of demand = 2
Formula to calculate MR:
- MR = AR x (1 - 1/Ed)
Where Ed is the elasticity of demand
Substituting the given values in the formula:
- MR = 5 x (1 - 1/2)
- MR = 5 x 0.5
- MR = 2.5
Therefore, the correct answer is option 'A' - 2.5.
Given parameters:
- AR = 5
- Elasticity of demand = 2
Formula to calculate MR:
- MR = AR x (1 - 1/Ed)
Where Ed is the elasticity of demand
Substituting the given values in the formula:
- MR = 5 x (1 - 1/2)
- MR = 5 x 0.5
- MR = 2.5
Therefore, the correct answer is option 'A' - 2.5.
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Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d...
There is a relationship among AR MR and elasticity of demand that is elasticity of demand is equal to E=AR/AR-MR2=5/5-MRthen MR=2.5
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Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer?
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Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer?.
Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Given, AR = 5 and Elasticity of demand = 2 Find MR.a)+2.5b)-2.5c)+1.5d)+2.0Correct answer is option 'A'. Can you explain this answer?.
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