You have developed the following linear regression output from the promotion data on the left of the regression output. Your boss decides that a "Go big or go home" strategy is appropriate to penetrate the market. He asks the question "what kind of sales can we expect if we spend $900K on advertising and price our computers at $89

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.