The intercept of compressed demand function

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Reference no: EM131090302

The intercept of a compressed demand function is 10,000 and the coefficient of inverse demand function is – 0. 4.

a) Calculate the following:

(i) demand curve ;

(ii) total revenue curve ;

(ii) profit maximizing price, when MC = $0

b) If the price is increased by $1 above the revenue maximizing price what impact will it have on revenue?

Reference no: EM131090302

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