Company xyz has the following demand function. calculate, Ask an Expert

Economics

Company XYZ has the following demand function

P= 100 - 0.0002Q

Its marginal revenue function was
MR = 100 - 0.004Q

a. Find the firm's Total Revenue Function
b. find out the output level and price that maximizes total revenue.
c. find out the amount of revenues in dollars.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M949699

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