Question: 1pt 10 of 15 (9 complete) This Quiz: 15 pts This Sally runs a vegetabl

Question

Question: 1pt 10 of 15 (9 complete) This Quiz: 15 pts This Sally runs a vegetable stand. The folowing table shows two points on the demand curve for the heirloom tomatoes she sells Quantity demanded per week- Price $5.50 $4 25 150,000 250,000 Sally's marginal evenue from loworling the price of tomatoes rom $5.50 to $4 25 is $ -237500.00 (Enter your response rounded to two decimal places) Lowertng the price tfom $5 50 to $4 25 reults th an outputl fct of S and a prio offect of s Enter your responses as wole numbers and inoude a minus sign Enter your answer in each of the answer boxes. 8 6 8 0

Explanation / Answer

TR1= 5.5*150000= 825000

TR2= 4.25*250000= 1062500

Sally's marginal revenue from borrowing= 1062500-825000= +237500

Output effect of 250000-150000= 100000

Price effect of 4.25-5.50= -1.25

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