What price and quantity is zenvoxs total revenue maximized

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Reference no: EM13190042

The Zenvox TV Company faces a demand function for its products that can be expressed as Q = 4,000 - P + 0.5i, where Q is the number of tv's, P is the price per tv, and i is the average monthly income. Average monthly income is currently equal to $2.000.

Graph the demand curve (sometimes called the "inverse" demand curve) face by Zenvox at the current income level. Be sure to label this and all graphs you draw carefully. On the same graph, depict marginal revenue. At what price and quantity is Zenvox's total revenue maximized? What is the marginal revenue at this point? Show calculations.

Reference no: EM13190042

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