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Economics

Suppose you have the following hypothetical demand or sales function. Qx= -4Px+2Py+0.20I+0.04A and PX = $200, (price of good X) PY =$230, (price of good Y) I = $1,500 (disposable per capita income) A =$12,000 (advertizing expenditures)

e. Calculate expected sales.

f. Find the total revenue function

g. Find the marginal revenue function

h. What outputlevel maximizaes total revenue

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91952822

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