(Answered) 1 consider the following demand curvep 1000

Economics

1. Consider the following demand curve:

P = 1000 - .02Q

A. What is this firm's TR equation?

B. Calculate the Price (P) and Quantity (Q) that maximizes firm's TR.

2. Consider the following TR equation:

TR = 10,000 + 5000Q - .025Q²

A. What is the firm's MR equation?

B. Calculate the Price (P) and Quantity (Q) that maximizes firm's TR.

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Business Economics, Economics

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