Write down the total and marginal revenue functions

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Reference no: EM13149614

Suppose the direct demand function take the form Q = 36P^ -1/2. (a.) show that the price elasticity of demand is -1/2 (b.) Find the inverse demand function (c.) Write down the total and marginal revenue functions (d.) Suppose there is a 4 % increase in advertisement. What will be the effect on demand?

Reference no: EM13149614

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