What is the value of tr at the maximum point

Reference no: EM13238416

Consider the linear demand function Q = 20 .05P.

a. Write the inverse demand function.

b. Write the totale revenue function.

c. Using calculus, find the level of output, Qrmax, where total revenue reaches its maximum value. What price Prmax maximizes total revenue? what is the value of TR at its maximum point?

Reference no: EM13238416

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