What is the firms revenue function

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Reference no: EM13156679

A firm faces the following demand function:

Q=. 12-P. For 0<P<8

20-2P. For 8<P<10

0. For 0>10

A. Graph this demand function. For what value of Q Does this function have a kink?

B. What is the firms revenue function? Graph this function.

C. Give a plausible reason why a firms demand might look like this.

Reference no: EM13156679

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