ECON6000 Economic Principles And Decision Making Module 3 - Assessment 2

Problem B:

Records of the demand schedule for the Schmeckt Gut Energy Bar in Industria in 2010 reveals the following table: The Board of Schmeckt Gut would like to receive information to the following questions:
1. What is the price that will maximise Schmeckt Gut’s total revenues and what is the price elasticity of demand at that price?