Assume that the demand of chocolate of a local producer is given by q = 9 - VP in hundreds of kilograms, where p E [0, 81] is the price of a kilogram in USD. 1. Compute the elasticity of the demand as a function of p, and find where it is unit elastic, elastic, and inelastic. 2. Compute the revenue R(p) in USD as a function of p. Careful of units! 3. Compute R'(25). Interpret this quantity. Remember to write down units.

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