Question: use the appropriate formulas to answer each of the following...
Use the appropriate formulas to answer each of the following:
a) Estimate the weekly revenue in dollars for the typical Taco Del Mar (given the above information).
b) What is the own price elasticity for Taco Del Mar tacos under typical conditions?
c) Should Taco Del Mar raise its taco prices? Discuss why or why not.
d) Using Excel, calculate the marginal revenue if Taco Del Mar increases its taco prices from the typical level. Hint: use a formula for marginal revenue and evaluate it at the “typical” price.
PLEASE PUT ANSWERS IN EXCEL PROVIDED AND SHOW FORMULAS!!