What is firms total revenue if it produces four units output

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Reference no: EM13214211

1. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q. What is the marginal revenue of the firm's 4th unit of output?

2. Suppose the inverse demand curve facing a firm is given by the linear equation P=64-8Q. What is the firm's total revenue if it produces four units of output?

Reference no: EM13214211

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