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What is the marginal revenue function

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Reference no: EM132795078

The Demand and the inverse demand for good X are Q = 150 - P and P = 150 - Q

a. What is the Total Revenue (TR) Function?

b. What is the Marginal Revenue (MR) function?

c. At what Price and Quantity is TR maximized and what is the value of TR at this P and Q?

d. what is the point price elasticity of demand when MR = 0?

Reference no: EM132795078

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