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Consider the following demand

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Reference no: EM131456912

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.

Reference no: EM131456912

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