Suppose the demand function for commodity X is given as Qx = 100 5 Px. Find

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Suppose the demand function for commodity X is given as Qx = 100 – 5 Px. Find the total sale that maximizes total revenue ( TR).

(Hint: Find first the price function from the demand function; TR = Q × P)

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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Suppose the demand function for commodity X is given as Qx = 100 5 Px. Find

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Managerial Economics

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