Total revenue and marginal revenue


Question: Demand curve product X is given as Q= 2000 - 20P.

A. how many units will be sold at price $ 10

B. at what price would 2000 units be sold? o units? 1500?.

C. write equations for total revenue and marginal revenue (interm of Q).

D. what will be the total revenue at price of $ 70? what will be marginal revenue?

E. what is the point elasticity at price odf $ 70?

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Microeconomics: Total revenue and marginal revenue
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