Find out the elastic and inelastic regions of the demand, Macroeconomics

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Find out the elastic and inelastic regions of the demand

The demand curve is given by QD = 500 - 2PX

1.Determine the total revenue function?

2. The marginal revenue function is MR = 250 - Q.
Graph the total demand curve, revenue function, and the marginal revenue function.

3. At what price is revenue maximized, and determines revenue at that point?

4. Find out the elastic and inelastic regions of the demand curve.

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Macroeconomics: Find out the elastic and inelastic regions of the demand

Reference No:- TGS0870168

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Macroeconomics: Find out the elastic and inelastic regions of the demand

Reference No:- TGS0870168

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

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Macroeconomics: Find out the elastic and inelastic regions of the demand

Reference No:- TGS0870168

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